Decisions

The Cabinet Member, in consultation with the Leader of the Council,

1.    Authorised the Council to enter into an Agreement for Lease and Lease on the agreed Heads of Terms with Cambridgeshire & Peterborough NHS Foundation Trust (CPFT).

2.   Authorised the Council to enter into a Pre-Construction Services Agreement (PCSA) to the value of £116,203.19 and an Early Works Agreement (EWA) to the value of £154,471.08 with RG Carter (Cambridge) Ltdto respectively undertake design and enabling works in advance of the main construction works.

3.   Authorised the Council to enter into any other legal documentation on behalf of the council in relation to this matter, including a  design and build contract for the main construction works subject to a full value for money report and Cabinet Member Decision Notice.

There is an exempt annex which is NOT FOR PUBLICATION in accordance with paragraph (s) 3 of Schedule 12A of Part 1 of the Local Government Act 1972 in that it contains information relating to the financial or business affairs of the Council namely the details of the tender prices submitted by the unsuccessful contractors. The public interest test has been applied to the information contained within the exempt annex and it is considered that the need to retain the information as exempt outweighs the public interest in disclosing it as to do so would compromise the Council’s position when procuring similar works. 

Cabinet considered the report and RESOLVED to note:

1.    The Revenue Budgetary Control position for 2018/19 at August 2018 included a £6.482m overspend position on the revenue budget.

2.    The key variance analysis and explanations that were contained in Appendix A to the report.

3.    The estimated reserves position for 2018/19 as outlined in Appendix B to the report.

4.    In year budget risks were highlighted in Appendix C to the report.

5.    The Asset Investment and Treasury Budget Report as contained in Appendix D to the report.

·         Recommend that Cabinet approve the Tranche Two service proposals for consultation.

·         Recommend that Cabinet approve the budget assumptions to update the Medium Term Financial Strategy (MTFS), to ensure estimates reflect the most up to date information available.

·         Outline the financial challenges facing the council in setting a sustainable and balanced budget for MTFS 2019/20-2021/22.

·         Outline the progress and development on the delivery of the shared services programme with Cambridgeshire County Council and other partners. The delivery of this programme will allow the council to work differently and more efficiently, which will unlock financial benefits to enable the council to continue to provide the services which are important to Peterborough residents.

·         Outline the approach the Council is taking to close the budget gap over the three year budget planning horizon to deliver a sustainable budget.

·         Outline potential avenues the Council is considering pursuing to ensure future budget sustainability.

Cabinet considered the report and RESOLVED to approve:

1.    The Tranche Two service proposals, outlined in Appendix E to the report as the basis for public consultation.

2.    The updated budget assumptions, to be incorporated within the Medium Term Financial Strategy (MTFS) 2019/20- 2021/22. These were outlined in section 5.4 of the report.

3.    The revised capital programme approach outlined in section 5.7 and referencing Appendix D to the report.

4.    The Medium Term Financial Strategy 2019/20-2021/22-Tranche Two, as set out in the body of the report and the following appendices:

·         Appendix A – 2019/20-2021/22 MTFS Detailed Budget Position – Tranche Two

·         Appendix B – Local Government Finance Event Timeline

·         Appendix C – Performance Data

·         Appendix D – Capital Programme 2018/19 - 2021/22

·         Appendix E – Budget Consultation Document, including Budget Proposals

·         Appendix F – Equality Impact Assessments

Cabinet RESOLVED to note:

5.    The future strategic direction for the Council outlined in section 5.6 of the report.

6.    The forecast reserves position outlined in section 5.8 of the report.

The Cabinet Member authorised Peterborough City Council to commence public consultation for the variation of the Woodston Public Space Protection Orders under Section 72 (3) of the Anti-Social Behaviour, Crime & Policing Act 2014.

The Cabinet Member:

1. Approved  a grant of £4.9m to Medesham Homes LLP, funded from Right to Buy Receipts, to enable the provision of 30 new affordable homes in Peterborough

2.    Delegated authority to the Head of Sustainable Growth Strategy to replace some of the Right to Buy Receipts with S106 Affordable Housing Commuted sums should eligible s106 receipts subsequently become available to apply to the project.

3.    Delegated to the Director of Law and Governance the authority to finalise and put in place any agreements and legal documentation necessary to give effect to these proposals, in consultation with the Corporate Director of Growth and Regeneration and the

Acting Corporate Director, Resources;