Issue - meetings

As detailed in the recommendation.

The Deputy Leader and Cabinet Member for Environment presented a report to seek approval for the Council’s bid to Welsh Government (WG) for highway maintenance funding through their Prudential Borrowing initiative for the financial years 2013-14 and 2014-15. The first year’s bid for funding were agreed by the Council’s Executive in February, 2012 and the bids for Years 2 and 3 of the scheme were required to be submitted to the WG by the end of December, 2012.

All Cabinet Members welcomed the report. The Chief Executive said that there was scope to explore further with the WG similar future Prudential Borrowing initiatives for shared central-local service priorities.

RESOLVED:

That the outline bid for the second and third year of funding from the Welsh Government under the Prudential Borrowing initiative as set out in paragraph 3.02 of the report be approved.