Issue - meetings

The Cabinet Member for Planning, Infrastructure and Economic Development introduced the report, stating that the two capital schemes within the Committee’s remit for the next municipal year related to the previous Medway Street Car Park decision and Greening and Lighting Strategy, as part of the Town Centre Strategy (TCS). The urgent update included a reduced figure for the latter, as until the TCS had been approved it was difficult to include which projects would be coming forward.

The Bridges Gyratory System had been removed from the capital programme as additional grant funding had been received, with finalised designs in place; the project was awaiting Kent County Council approval.

In response to questions, the Cabinet Member stated that whilst the Integrated Transport Strategy may require elements of capital funding, it was to be funded through the Council’s revenue budget. The funding allocated to Medway Street Car Park included the provision of electric vehicle charging points, but it was hoped that the scheme’s total cost was less than the £195,000 allocated.

RESOLVED to RECOMMEND to the CABINET: That

1.  The capital programme 2024/25 onwards as set out in Appendix B to the report, be agreed; and

2.  It be noted that agreement to recommendation 1 above will be subject to the prudential borrowing limit which will be recommended to Council as part of the Treasury Management Strategy 2024/25.