Agenda and minutes

To receive announcements from the Mayor.

The Mayor opened the meeting by extending his thanks to those members who passed on their best wishes to him during his recent surgery.

The Mayor then reported that a number of railway stations in the Borough had won awards in the recent ‘Cheshire Best Kept Station awards’, including Romiley and Reddish South Railway Stations in the World War 1 Centenary category, Marple Railway Station winning the TfGM Award and Stockport gaining the ACoRP Community Award.

The Mayor then referred to events that were due to be held shortly in aid of his Charity which included a charity night at Rainbow 88, Cheadle Hulme on 15 March 2019 and the annual Mayoral abseiling event on 23 March 2019.

Councillors and officers to declare any interests which they may have in any of the items on the Summons for the meeting.

Councillors and officers were invited to declare any interests which they had in any of the items on the Summons for the meeting.

No declarations were made.

To receive any questions from and provide answers to the public in relation to matters relevant to the Council’s activities.

Members of the public were invited to put questions to the Mayor and councillors on matters within the powers and duties of the Council.

One public question was submitted as follows:-

·         Relating to the Council’s investment in car parking provision at Manchester Airport and its compatibility with the need to make improvements to air quality.

The Leader of the Council and Cabinet Member for Policy, Finance and Devolution (Councillor Alex Ganotis) responded that Greater Manchester was being ambitious by bringing forward the target date for carbon neutrality from 2050 to 2038 which will allow Greater Manchester to play its part in complying with the Paris agreement to limit global temperatures to 1.5 degrees.

It was stated that there needed to be an inclusive approach to Manchester Airport, of which the Council was a key shareholder, and had an interest in ensuring its continued success.  The building of a new car park was necessary to facilitate the success of the expansion of airport terminal building.  The airport was committed to tackling air quality and reducing the number of passengers accessing it by car.  In addition, the airport was aiming for the carbon neutrality of its ground operations.  It was also noted that the government had introduced legislation so that in the future there would be no petrol or diesel powered vehicles, so vehicles using that car park in the future would not be emitting carbon dioxide.

To receive petitions, and by prior arrangement, receive delegations and presentations from members of the public, community groups or partnership organisations.

No such arrangements have been made for this meeting.

Petitions

Three petitions were submitted as follows:-

·         Relating to the future of the toilet facilities at Etherow Country Park

RESOLVED – That the petition be referred to the Corporate Director for Place Management & Regeneration.

·         Relating to fly tipping on private land on Peter Street and Vernon Street, Hazel Grove.

RESOLVED – That the petition be referred to the Corporate Director for Place Management & Regeneration.

·         Relating to the proposal to cease funding the 300 Metroshuttle bus service.

RESOLVED – That the petition be referred to the Cabinet Member for Communities & Housing.

Presentations

There were no presentations.

To consider a report of the Leader of the Council and Cabinet Member for Policy, Finance and Devolution.

The Leader of the Council and Cabinet Member for Policy, Finance & Devolution (Councillor Alex Ganotis) submitted a report (copies of which had been circulated) seeking approval for the draft 2019/20 Council Plan.

MOVED AND SECONDED - That the Council Plan 2019/20 be approved and adopted.

AMENDMENT MOVED AND SECONDED - That the Council Plan 2019/20 be approved and adopted subject to the inclusion of the following changes:-

·         On page 8, add a new, sixth box “Putting real power in the hands of local people”;

·         On page 9, insert a new bullet point after the existing ones, before the closing paragraph of that section “Putting real power in the hands of local people. The people who know our communities best are those communities themselves and the local councillors who represent them. We will take steps to increase the number of decisions taken within the community and at the closest possible level to those they affect, namely at Area Committees.”

·         On page 10, insert a new item in the green column (“Stockport is a place people want to live”) which says: “6. Local Communities have real power”;

·         On page 10, insert a new item in the pink/purple column (“Communities in Stockport are safe and resilient”) which says: “5. Communities are able to take decisions for themselves”;

·         On page 10, insert a new, sixth grey row in the table in the section “We will be changing the way we work by…” and under “Creating an organisation fit for the future” which says: “Putting real power in the hands of local people”;

·         On page 16, insert a new item to reflect “4.6 Local Communities have real power” and with the following narrative: “Local communities can influence decisions affecting them, protect what matters to them and drive change where they feel it is needed.”;

·         On page 17, insert a new item to reflect “5.5 Communities are enabled to take decisions for themselves” and with the following narrative: “We will explore ways to give Area Committees more decision making powers over the things which matter to and affect local communities in a bold move to decentralise power from the Town Hall.”

At 6.33 pm it was

RESOLVED – That the meeting be adjourned.

The meeting reconvened at 6.50 pm

The Council Meeting then proceeded to debate the amendment.

Upon the amendment being put to the vote:-

For the amendment 22, against 25, abstentions 14.

AMENDMENT NOT CARRIED

It was then

RESOLVED – (60 for, 1 against) - That the Council Plan 2019/20 be approved and adopted.

To consider a joint Report of the Leader of the Council and Cabinet Member for Policy, Finance and Devolution and the Cabinet Member for Communities and Housing.

The Leader of the Council and Cabinet Member for Policy, Finance & Devolution (Councillor Alex Ganotis) submitted a report (copies of which had been circulated) requesting the Council Meeting to set the level of rent and service charges in the Housing Revenue Account (HRA) and approve the HRA budget for 2019/20.

RESOLVED – (61 for) That approved be given to:-

(i)         a reduction in the average social rent of 1% for dwelling rents;

(ii)        an increase of 3.8% for rents of shared ownership properties;

(iii)       services charge increases as outlined in Section 3;

(iv)       the Housing Revenue Account Budget for 2019/20 as set out in Appendix 1.

The names of those councillors voting on this resolution were recorded as follows:-

Those councillors who voted for the resolution were:-

The Mayor (Councillor Walter Brett); The Deputy Mayor (Councillor Wendy Meikle); Councillors Malcolm Allan, Paul Ankers, Brian Bagnall, Sheila Bailey, Kenny Blair, Laura Booth, Kate Butler, Anna Charles-Jones, Angie Clark, Richard Coaton, Christine Corris, Stuart Corris, Becky Crawford, Dickie Davies, Will Dawson, Tom Dowse, Roy Driver, Annette Finnie, Dean Fitzpatrick, Colin Foster, Helen Foster-Grime, Alex Ganotis, Chris Gordon, Graham Greenhalgh, Steve Gribbon, Yvonne Guariento, Paul Hadfield, Philip Harding, Keith Holloway, Mark Hunter, Mike Hurleston, Linda Holt, Sylvia Humphreys, Julian Lewis-Booth, Syd Lloyd, Colin MacAlister, John McGahan, Tom McGee, David Meller, Chris Murphy, Adrian Nottingham, John Pantall, Amanda Peers, Paul Porgess, Iain Roberts, David Sedgwick, Lisa Smart, Andy Sorton, Charlie Stewart, John Taylor, Alanna Vine, Lisa Walker, Mark Weldon, Jude Wells, Wendy Wild, David Wilson, Elise Wilson, John Wright and Suzanne Wyatt.

To consider a report of the Borough Treasurer.

The Leader of the Council and Cabinet Member for Policy, Finance & Devolution (Councillor Alex Ganotis) submitted a report (copies of which had been circulated) providing an update the Council’s 2019/20 to 2022/23 Medium Term Financial Plan forecasts and assumptions taking account of local and national changes.

RESOLVED - That the Medium Term Financial Plan forecasts for the Council’s finances for the period 2019/20 to 2022/23 be noted.

To consider a joint report of the Leader of the Council and Cabinet Member for Policy, Finance and Devolution and the Cabinet Member for Reform and Governance.

The Leader of the Council and Cabinet Member for Policy, Finance & Devolution (Councillor Alex Ganotis) submitted a report (copies of which had been circulated) detailing the Cabinet’s Revenue Budget Proposals for 2019/20 and Capital Programme Investment Plans and outlining the Council’s financial outlook and challenges across the medium term period 2019/20 to 2022/23.

MOVED AND SECONDED – That:-

(1) approval be given to the Budget for 2019/20 described in the report and set out in Appendix 2 and 3;

(2) the risk assessment of the Budget at Appendix 5 and the report of the Borough Treasurer on the adequacy of proposed financial reserves and robustness of the estimates included at Appendix 5 be noted;

(3) the financial forecasts for 2019/20 to 2022/23 (Appendix 6), and the key issues to be addressed in formulating a response to the future financial challenges facing the Council be noted;

(4) approval be given to the 2019/20 to 2021/22 Capital Programme and the funding arrangements as described in the report and set out at Appendix 7; and

(5) approval be given to the prudential indicators set out in Appendix 8;

AMENDMENT MOVED AND SECONDED – That the Council Meeting gives approval to the proposed amendments to the 2019/20 Cabinet Revenue Budget and Capital Programme put forward by the Liberal Democrat Group and as set out in its proposals and summarised in the document entitled “Liberal Democrat Group Budget Amendment, 21st February 2019” which had been circulated at the meeting and which would result in consequential revisions to Appendices 1, 2, 3 and 6 to the report.

At 6.47 pm it was

RESOLVED – That the meeting be adjourned.

The meeting reconvened at 7.11 pm.

The Council Meeting then proceeded to debate the amendment.

At this stage in the proceedings (10.00 pm) the Mayor informed the Council Meeting that the provisions of Council Meeting Procedure Rule 9.1 (Duration of Meeting) would be invoked unless the Council Meeting wished the meeting to continue.

MOVED AND SECONDED - That, notwithstanding the provisions of Council Meeting Procedure Rule 9, the meeting continue to deal with the remaining business on the Summons.

For the motion 14, against 44.

MOTION NOT CARRIED

The provisions of Council Meeting Procedure Rule 9.1 relating to the duration of (Council) meetings were then duly invoked.

Upon the amendment being put to the vote:-

For the amendment 19, against 40.

AMENDMENT NOT CARRIED

The names of those councillors voting on this amendment were recorded as follows:-

Those councillors who voted for the amendment were:-

The Deputy Mayor (Councillor Wendy Meikle); Councillors Malcolm Allan, Paul Ankers, Angie Clark, Christine Corris, Stuart Corris,  Will Dawson, Helen Foster-Grime, Chris Gordon, Graham Greenhalgh, Steve Gribbon, Keith Holloway, Mark Hunter, Colin MacAlister, John Pantall, Paul Porgess, Lisa Smart, Mark Weldon, Suzanne Wyatt.

Those councillors who voted against the amendment were:-

The Mayor (Councillor Walter Brett); Councillors Brian Bagnall, Sheila Bailey, Laura Booth, Kate Butler, Anna Charles-Jones, Richard Coaton, Becky Crawford, Dickie Davies, Tom Dowse, Roy Driver, Annette Finnie, Dean Fitzpatrick, Colin Foster, Alex Ganotis, Yvonne Guariento, Paul Hadfield, Philip Harding, Mike Hurleston, Linda Holt, Sylvia Humphreys, Julian Lewis-Booth, Syd Lloyd, John McGahan, Tom McGee, David Meller, Chris Murphy, Adrian Nottingham, Amanda Peers, David Sedgwick, Andy Sorton, Charlie Stewart, John Taylor, Alanna Vine, Lisa Walker, Jude Wells, Wendy Wild, David Wilson, Elise Wilson, and John Wright.

The original motion was then put to the vote:-

For the motion, 28, against 32.

MOTION NOT CARRIED

The names of those councillors voting on this motion were recorded as follows:-

Those councillors who voted for the motion were:-

The Mayor (Councillor Walter Brett); Councillors Sheila Bailey, Laura Booth, Kate Butler, Anna Charles-Jones, Richard Coaton, Becky Crawford, Dickie Davies, Roy Driver, Dean Fitzpatrick, Colin Foster, Alex Ganotis, Yvonne Guariento, Philip Harding, Sylvia Humphreys, Tom McGee, David Meller, Chris Murphy, Adrian Nottingham, Amanda Peers, David Sedgwick, Andy Sorton, Charlie Stewart, John Taylor, Jude Wells, Wendy Wild, David Wilson and Elise Wilson.

Those councillors who voted against the motion were:-

The Deputy Mayor (Councillor Wendy Meikle); Councillors Malcolm Allan, Paul Ankers, Brian Bagnall, Angie Clark, Christine Corris, Stuart Corris,  Will Dawson, Tom Dowse, Annette Finnie, Helen Foster-Grime, Chris Gordon, Graham Greenhalgh, Steve Gribbon, Paul Hadfield, Keith Holloway, Linda Holt, Mark Hunter, Mike Hurleston, Julian Lewis-Booth, Syd Lloyd, Colin MacAlister, John McGahan, John Pantall, Paul Porgess, Iain Roberts, Lisa Smart, Alanna Vine, Lisa Walker, Mark Weldon, John Wright and Suzanne Wyatt.

At 10.15 pm it was

RESOLVED – That the meeting be adjourned.

The meeting reconvened at 10.35 pm.

Upon the meeting reconvening, it was

RESOLVED - That the meeting be adjourned until 6.00 pm on Tuesday, 26 February 2019.

The meeting reconvened at 6.00 pm on Tuesday, 26 February 2019.

PRESENT

The Mayor (Councillor Walter Brett); The Deputy Mayor (Councillor Wendy Meikle); Councillors Malcolm Allan, Paul Ankers, Sheila Bailey, Kenny Blair, Laura Booth, Kate Butler, Anna Charles-Jones, Angie Clark, Richard Coaton, Christine Corris, Stuart Corris, Dickie Davies, Will Dawson, Tom Dowse, Roy Driver, Annette Finnie, Dean Fitzpatrick, Colin Foster, Alex Ganotis, Graham Greenhalgh, Steve Gribbon, Yvonne Guariento, Paul Hadfield, Philip Harding, Keith Holloway, Mark Hunter, Mike Hurleston, Linda Holt, Sylvia Humphreys, Syd Lloyd, Colin MacAlister, John McGahan, Tom McGee, David Meller, Chris Murphy, Adrian Nottingham, John Pantall, Amanda Peers, Paul Porgess, David Sedgwick, Lisa Smart, Andy Sorton, Charlie Stewart, John Taylor, Jon Twigge, Alanna Vine, Mark Weldon, Jude Wells, Wendy Wild, David Wilson, Elise Wilson and John Wright.

RESOLVED - That notwithstanding that the Council Meeting has agreed to invoke the provisions of Procedure Rule 9 (Duration of Meeting); that in order to ensure that the meeting is able to discharge its statutory duty to set a legal budget, this decision be rescinded and the meeting shall therefore continue to consider the businesses as set out in the Summons.

The Mayor informed the Council Meeting that the Cabinet was intending to table the original budget proposal for further consideration by the Council Meeting.  It was stated that this has received the requisite five additional signatories to enable it to be reconsidered by the meeting.

It was then

MOVED AND SECONDED – That:-

(1) approval be given to the Budget for 2019/20 described in the report and set out in Appendix 2 and 3;

(2) the risk assessment of the Budget at Appendix 5 and the report of the Borough Treasurer on the adequacy of proposed financial reserves and robustness of the estimates included at Appendix 5 be noted;

(3) the financial forecasts for 2019/20 to 2022/23 (Appendix 6), and the key issues to be addressed in formulating a response to the future financial challenges facing the Council be noted;

(4) approval be given to the 2019/20 to 2021/22 Capital Programme and the funding arrangements as described in the report and set out at Appendix 7; and

(5) approval be given to the prudential indicators set out in Appendix 8.

AMENDMENT MOVED AND SECONDED - That the Council Meeting gives approval to the proposed amendments to the 2019/20 Cabinet Revenue Budget and Capital Programme put forward by the Liberal Democrat Group and as set out in its proposals and summarised in the document entitled “Protecting and enhancing the role of local communities in decision making” which had been circulated at the meeting and which would result in consequential revisions to Appendices 1, 2, 3 and 6 to the report.

At 6.11 pm it was

RESOLVED – That the meeting be adjourned.

The meeting reconvened at 6.33 pm.

The Council Meeting then proceeded to debate the amendment.

Upon the amendment being put to the vote:-

For the amendment 54.

AMENDMENT CARRIED

The names of those councillors voting on this amendment were recorded as follows:-

Those councillors who voted for the amendment were:-

The Mayor (Councillor Walter Brett); The Deputy Mayor (Councillor Wendy Meikle); Councillors Malcolm Allan, Paul Ankers, Sheila Bailey, Kenny Blair, Laura Booth, Kate Butler, Anna Charles-Jones, Angie Clark, Richard Coaton, Christine Corris, Stuart Corris, Dickie Davies, Will Dawson, Tom Dowse, Roy Driver, Annette Finnie, Dean Fitzpatrick, Colin Foster, Alex Ganotis, Graham Greenhalgh, Steve Gribbon, Yvonne Guariento, Paul Hadfield, Philip Harding, Keith Holloway, Mark Hunter, Mike Hurleston, Linda Holt, Sylvia Humphreys, Syd Lloyd, Colin MacAlister, John McGahan, Tom McGee, David Meller, Chris Murphy, Adrian Nottingham, John Pantall, Amanda Peers, Paul Porgess, David Sedgwick, Lisa Smart, Andy Sorton, Charlie Stewart, John Taylor, Jon Twigge, Alanna Vine, Mark Weldon, Jude Wells, Wendy Wild, David Wilson, Elise Wilson, John Wright.

FURTHER AMENDMENT MOVED AND SECONDED - That the Council Meeting gives approval to the proposed amendments to the now amended 2019/20 Cabinet Revenue Budget and Capital Programme put forward by the Conservative Group and as set out in its proposals and summarised in the document entitled “Council Tax, Public Realm, Reform and Governance and Faith Schools Bus Passes” which had been circulated at the meeting and which would result in consequential revisions to Appendices 1, 2, 3, 6  and 9 to the report, subject to the deletion of that element of the proposal that related to funding for area committees.

At 7.02 pm it was

RESOLVED – That the meeting be adjourned.

The meeting reconvened at 6.21 pm.

The Council Meeting then proceeded to debate the amendment.

Upon the amendment being put to the vote:-

For the amendment 9, against 44, abstentions 1.

AMENDMENT NOT CARRIED

The names of those councillors voting on this amendment were recorded as follows:-

Those councillors who voted for the amendment were:-

Councillor Tom Dowse, Annette Finnie, Paul Hadfield, Linda Holt, Mike Hurleston, Syd Lloyd, John McGahan, Alanna Vine and John Wright.

Those councillors who voted against the amendment were:-

The Mayor (Councillor Walter Brett); Councillors Malcolm Allan, Paul Ankers, Sheila Bailey, Kenny Blair, Laura Booth, Kate Butler, Anna Charles-Jones, Angie Clark, Richard Coaton, Christine Corris, Stuart Corris, Dickie Davies, Will Dawson, Roy Driver, Dean Fitzpatrick, Colin Foster, Alex Ganotis, Graham Greenhalgh, Steve Gribbon, Yvonne Guariento, Philip Harding, Keith Holloway, Mark Hunter, Sylvia Humphreys, Colin MacAlister, Tom McGee, David Meller, Chris Murphy, Adrian Nottingham, John Pantall, Amanda Peers, Paul Porgess, David Sedgwick, Lisa Smart, Andy Sorton, Charlie Stewart, John Taylor, Jon Twigge, Mark Weldon, Jude Wells, Wendy Wild, David Wilson and Elise Wilson.

The councillor who abstained was the Deputy Mayor (Councillor Wendy Meikle).

The original motion, as amended, was then put as the substantive motion and it was

RESOLVED – (27 for, 10 against, 17 abstentions) - That:-

(1) approval be given to the Budget for 2019/20 described in the report and set out in Appendix 2 and 3;

(2) the risk assessment of the Budget at Appendix 5 and the report of the Borough Treasurer on the adequacy of proposed financial reserves and robustness of the estimates included at Appendix 5 be noted;

(3) the financial forecasts for 2019/20 to 2022/23 (Appendix 6), and the key issues to be addressed in formulating a response to the future financial challenges facing the Council be noted;

(4) approval be given to the 2019/20 to 2021/22 Capital Programme and the funding arrangements as described in the report and set out at Appendix 7; and

(5) approval be given to the prudential indicators set out in Appendix 8;

Subject to:-

·         The removal of the budget proposal relating to reducing Ward funds, protecting them at their current level creating an additional savings requirement of £0.216m ongoing.

·         For 2019/20 and 2020/21, fund this by using the historic underspend of £0.468m, putting any surplus in to general reserves.

·         For 2021/22 onwards, add to the Council’s savings requirement £0.216m, to be found from outside frontline service delivery. This would be an increase of under 1% of the savings requirement for that year.

Those councillors who voted for the motion were:-

The Mayor (Councillor Walter Brett); Councillors Sheila Bailey, Laura Booth, Kate Butler, Anna Charles-Jones, Richard Coaton, Dickie Davies, Roy Driver, Dean Fitzpatrick, Colin Foster, Alex Ganotis, Yvonne Guariento, Philip Harding, Sylvia Humphreys, Tom McGee, David Meller, Chris Murphy, Adrian Nottingham, Amanda Peers, David Sedgwick, Andy Sorton, Charlie Stewart, John Taylor, Jude Wells, Wendy Wild, David Wilson and Elise Wilson.

Those councillors who voted against the motion were:-

Councillors Kenny Blair, Tom Dowse, Annette Finnie, Paul Hadfield, Linda Holt, Mike Hurleston, Syd Lloyd, John McGahan, Alanna Vine and John Wright.

The councillor who abstained were:-

The Deputy Mayor (Councillor Wendy Meikle); Councillors Malcolm Allan, Paul Ankers, Angie Clark, Christine Corris, Stuart Corris, Will Dawson, Graham Greenhalgh, Steve Gribbon, Keith Holloway, Mark Hunter, Colin MacAlister, John Pantall, Paul Porgess, Lisa Smart, Jon Twigge and Mark Weldon.

To consider a joint report of the Leader of the Council and Cabinet Member for Policy, Finance and Devolution and the Cabinet Member for Reform and Governance and to pass the appropriate resolutions setting the Council Tax for 2019/20.

(Draft report and resolutions enclosed)

The Leader of the Council and Cabinet Member for Policy, Finance & Devolution (Councillor Alex Ganotis) submitted a report (copies of which were circulated) setting out the Council Tax for 2019/20 and the level of precepts for the Mayoral Police and Crime Commissioner Precept and Mayoral General Precept.

RESOLVED – (27 for, 27 abstentions) (1) That it be noted that on 17 January 2019, the Council has calculated the Council Tax Base for the financial year 2019/20 as :

·         95,100.8 for the whole Council area [Item T in the formula in Section 31B of the Local Government Finance Act 1992, as amended (the "Act")]

(2) That the Council Meeting approve the Council Tax Requirement for the Council’s own purposes for 2019/20 as being £156,122,228.

(3) That the following amounts be calculated by the Council for the year 2019/20 in accordance with sections 31 to 36 of the Local Government Finance Act 1992:

(a) £677,971,076 being the aggregate of the amounts which the Council estimates for the items set out in section 31A(2) of the Act (Appendix Two).

(b) £521,848,848 being the aggregate of the amounts which the Council estimates for the items set out in section  31A(3) of the Act (Appendix Two).

(c ) £156,122,228 being the amount by which the aggregate at 3(a) above exceeds the aggregate at 3(b) above, calculated by the Council, in accordance with section 31A(4) of the Act, as its Council Tax Requirement for the year (Item R in the formula in Section 31B of the Act). (Appendix Two).

(d) £1,641.65 being the amount at 3(c) above, all divided by Item T (1(a) above), calculated by the Council, in accordance with section 31B of the Act, as the basic amount of its Council Tax for the year.

(e) £0.00 being the aggregate amount of all special items referred to in section 34(1) of the Act

(f) £1,641.65 being the amount at 3(d) above less the result given by dividing the amount at 3(e) above by the amount by Item T (1(a) above), calculated by the Council, in accordance with section 34(2) of the Act, as the basic amount of its council tax for the year for dwellings in those parts of its area to which no special item relates.

(4) That it be noted that for the year 2019/20 the Mayoral Police and Crime Commissioner precept for Greater Manchester and the Mayoral General precept (including Fire Services) have been issued to the Council in accordance with section 40 of the Local Government Finance Act 1992, for each category of dwellings in the Council's area as indicated in the table below.              

(5) That the Council, in accordance with Sections 30 to 36 of the Local Government Finance Act 1992, hereby sets the aggregate amounts shown in the tables below as the amounts of Council Tax for 2019/20 for each part of its area and for each of the categories of dwellings.

(6) That the Council, in accordance with section 52ZB of the Local Government Finance Act 1992 hereby determines that the Council’s relevant basic amount of council tax for 2019/20 is not excessive in accordance with the principles determined by the Secretary of State under section 52ZC of the Act.

The names of those councillors voting on this resolution were recorded as follows:-

Those councillors who voted for the resolution were:-

The Mayor (Councillor Walter Brett); Councillors Sheila Bailey, Laura Booth, Kate Butler, Anna Charles-Jones, Richard Coaton,  ...  view the full minutes text for item 16.(ii)

To consider a report of the Borough Treasurer.

The Leader of the Council and Cabinet Member for Policy, Finance & Devolution (Councillor Alex Ganotis) submitted a report (copies of which were circulated) providing a high-level overview of how capital investment

decisions contributed towards the provision of services.

It also set out the long-term context in which capital expenditure and investment decisions were made, giving due consideration to both risk and reward and impact on the achievement of priority outcomes.

RESOLVED – (54 for) That approval be given to:-

·         Capital Prudential Indicators:-

o   Capital expenditure forecasts;

o   Capital Financing Requirement projections; and

o   Ratio of financing costs to net revenue stream.

·         The Capital Strategy 2019/20

To consider a report of the Borough Treasurer.

The Leader of the Council and Cabinet Member for Policy, Finance & Devolution (Councillor Alex Ganotis) submitted a report (copies of which had been circulated) inviting the Council Meeting to consider the Treasury Management Strategy Statement, the Annual Investment Strategy and the Minimum Revenue Provision Policy 2019/20.

RESOLVED – (53 for) That approval be given to:-

·         The Minimum Revenue Provision Policy for 2019/20;

·         The Capital Expenditure forecasts and Capital Financing Requirement projections;

·         The Treasury Management Strategy 2019/20;

·         The Treasury and Prudential Indicators and limits 2019/20-2021/22;

·         The Annual Investment Strategy 2019/20.

To move that:-

(1) Councillor Laura Booth be invited to allow her name to be submitted to the Annual Council Meeting for election to the Office of Mayor for the Metropolitan Borough of Stockport for the year 2019/2020.

(2) Councillor John Wright be invited to allow his name to be submitted to the Annual Council Meeting for the appointment to the Office of Deputy Mayor for the Metropolitan Borough of Stockport for the year 2019/20.

RESOLVED – (1) That Councillor Laura Booth be invited to allow her name to be submitted to the Annual Council Meeting for election to the Office of Mayor for the Metropolitan Borough of Stockport for the year 2019/2020

(2) That Councillor John Wright be invited to allow his name to be submitted to the Annual Council Meeting for the appointment to the Office of Deputy Mayor for the Metropolitan Borough of Stockport for the year 2019/20.