Agenda item

Report of the Chamberlain.

Members received a report of the Chamberlain providing an update on capital funding.

RESOLVED, that Members agree to:

a)    review the schemes summarised in Table 2 and, particularly in the context of the current financial climate, to confirm their continued essential priority for release of funding at this time and accordingly:

b)    release up to £1.104m for the schemes progressing to the next Gateway in Table 2 from the reserves of City Fund (£4.604m), City Cash (0.21m) and City Bridge Foundation (0.08m)

c)     release of £0.076m of City Cash contingency as described within the report.