The Executive Meeting considered an updated Asset Management Plan (AMP) capital programme for 2012/13 and 2013/14 and has given approval to:-
· the updated AMP Capital programme;
· the use of unsupported borrowing as set out in the report;
· the allocation of surplus non-ringfenced capital receipts to support funding and future AMP requirements on the basis that where achieved and approved, the unsupported borrowing be reduced accordingly and replaced by the capital receipts; and
· the delegation to the Corporate Director of Corporate and Support Services the authority to manage the capital and revenue property programme to meet the AMP capital programme.