Agenda Item No. 7(b)
THE VALE OF GLAMORGAN COUNCIL
COUNCIL: 7TH MARCH, 2012
REFERENCE FROM CABINET: 1ST FEBRUARY, 2012
"C1599 CAPITAL MONITORING FOR THE PERIOD 1ST APRIL TO 31ST DECEMBER, 2011 (L) (SCRUTINY - ALL) -
Cabinet were advised of the progress on the 2011/12 Capital Programme for the period 1st April 2011 to 31st December 2011 and, where necessary, to request changes to the Programme.
Explanations were provided where it was evident that the full year’s budget would not be spent during the year, namely:
Director of Legal, Public Protection and Housing Services
- Castleland Renewal Area - Cabinet had recently been advised that there had been delays in obtaining homeowners’ written agreement to the facelift scheme due to the large number of let properties in the Castleland Ward. Works were proceeding well on site now, but it was unlikely that the time lost could now be caught up and it was requested that the sum of £165,000 be carried forward into 2012/13 in order to complete the works early in the next financial year.
Director of Environmental and Economic Regeneration
- S106 Penarth Heights Highway Works - During September 2010, the Authority received the sum of £80,000 under a Section 106 Legal Agreement towards highway works at the Penarth Heights site. Highway works were defined as “feasibility, design and construction works which may include but shall not be limited to upgrading the road junction to ease traffic congestion at the junction of Cogan Hill and Terra Nova Way and upgrading the road junction of Windsor Road and Plassey Street and subsequently to provide maintenance of the said works for up to 20 years”. There would be a further Highway Contribution of £180,000, due prior to occupation of the 50th dwelling on the site, bringing the total Highway Contribution to £260,000. The sum of £8,000 was spent during 2010/11 and a further £10,000 this year. Until such time as the next tranche of funding (as outlined above) was received, the construction phase could not proceed this financial year. As such, it was requested that the remaining 2011/12 budget of £62,000 be slipped into 2012/13.
This was a matter for decision by the Council because it was contrary to and not wholly in accordance with the budget.
RESOLVED - T H A T Council be requested to approve the following changes to the Capital Programme:
· Castleland Renewal Area - reduce the budget to £1,310,000 (carry forward £165,000 into 2012/13)
· S106 Penarth Heights Highway Works - reduce budget to £10,000 (carry forward £62,000 into 2012/13).
Reason for decision
To allow schemes to be undertaken in future financial years."