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Recommended that Full Council
1.   
Approve Part I of the Capital
Strategy (Capital Expenditure and Aspirations)
including:

a)The aspirations set out in section 6.
2.   
Approve Part II of the Capital
Strategy (Borrowing and Investing) including:

a)The Minimum Revenue Provision (MRP) for Debt
Repayment Policy (Part II, (paragraphs 3.5 to 3.7)

b)The investment indicators in Part II - Appendix 1
(Part II, paragraphs 4.15 to 4.21)

c)  That the Director of
Finance and Resources (Section 151 Officer) will bring a report to
the next Cabinet and City Council if (Part II, paragraph
4.11):

(i)             
The
Council's gross General Fund (GF) debt exceeds 400% of GF net
service expenditure or

(ii)           
Overall
investment income and long term treasury management investments
exceeds 14% of GF net service expenditure.