Purpose

The Cabinet is requested to consider the
report, to note the progress of the 2024/25 Asset Management Plan
(AMP) capital programme, approve the programme of work for
inclusion in the 2025/26 financial year and note the indicative
programme up to 2028/29.

Content

The Cabinet considered
a proposed Asset Management Plan (AMP) for 2024/25 setting out
details of the capital programme for 2025/26 financial year and the
indicative programme up to 2028/29, and has:-
 
(1) Approved the
programme for 2025/26 and the financing thereof, and the Indicative
AMP programme for up to 2028/29, as set out in the report;
 
(2) Approved the
application of corporate resources to fund the AMP programme
2024/25 to 2028/29; with the application of funding types (capital
receipts and borrowing) being delegated to the Director of Finance
(S151 Officer) in conjunction with the Capital Board;
 
(3) Delegated
authority to the Deputy Chief Executive to procure the works and
services, and subsequently determine the outcome of any contract
award process for any project specified in the asset management
plan.
 
(4) Delegated
authority the Director of Development & Deputy Chief Executive
Regeneration to award professional services and construction
contracts, as required, to deliver the works programme.
 
(5) Delegated
authority to the Capital Board to reprofile the proposed spending
to address urgent priorities that emerge during the years covered
by this report.