F S335 June 2024 Capital Update and Property Disposals And Acquisitions Report

June 24, 2024 Cabinet (Cabinet collective) Awaiting outcome View on council website

This summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.

Summary

...to facilitate financial management and control, approved NCIL revenue funding of £1.227 million for the Carnival Budget 24/25 and the Cultural Development Team Budget, approved S106 revenue funding of £111k for the Reimagining Hackney Museum project, approved S106 capital funding of £121k for highway improvements, noted S106 capital funding of £70k for additional highway improvements, and noted the successful acquisition of £179k in grants for play area refurbishments.

Full council record
Content

RESOLVED:
 
1. 
The NCIL Revenue funded scheme summarised below and set
out in section 11 was approved:
 

Project Description

2024/25 £'000

Carnival Budget 24/25

877

Cultural Development Team Budget

350

Total NCIL Revenue for Approval

1,227

 
2. 
The S106 Revenue funded scheme summarised below and set
out in section 13 was approved:
 

S106

2025/26 £'000

2026/27 £'000

2027/28 £'000

Total

Revenue

0

72

39

111

Total
S106 Revenue for Approval

0

72

39

111

 
3. 
The S106 Capital funded scheme summarised below and set
out in section 12 was approved:
 

S106

2024/25 £'000

Capital

121

Total S106 Capital for Approval

121

 
4. 
The S106 Capital funded scheme below and set out in
section 14 was noted:
 

S106

2024/25 £'000

Capital

70

Total S106 Capital for Noting

70

 
5. 
The schemes outlined in section 15 were noted.
 
REASONS FOR DECISION:
 
The decisions required are necessary in order
that the schemes within the Council’s approved Capital
programme can be delivered and necessary to approve the property
proposals as set out in this report.
 
In most cases, resources have already been
allocated to the capital schemes as part of the budget setting
exercise but spending approval is required in order for the scheme
to proceed. Where, however, resources have not previously been
allocated, resource approval is requested in this report.
 
To facilitate financial management and control
of the Council's finances.
 
DETAILS OF ALTERNATIVE OPTIONS CONSIDERED AND
REJECTED:
 
None.

Supporting Documents

09 - F S335 Capital Update and Property Disposals and Acquisitions Report.pdf

Details

OutcomeFor Determination
Decision date24 Jun 2024