The Executive Meeting considered proposals to install Solar PV Panels to Council houses via prudential borrowing financed from the feed in tariffs available from the Government, additional to the scheme previously agreed by the Executive on 13 June 2011 and agreed that:
(i) the successful work to date on the installation of PV Panels across the Council’s Housing Stock be noted;
(ii) authorisation be given for the use of prudential borrowing up to £4m, subject to any allocation of available Housing Revenue Account reserves, to finance the project and the further installation of the Solar PV Panels to Council houses as set out in the report be approved, and
(iii) authority be delegated to the Corporate Director for Corporate and Support Services, in consultation with the Executive Councillors (Communities) and (Finance) to determine the actual level of borrowing to be undertaken following an assessment of Housing Revenue Account balances.