Decision details

(i)         TREASURY MANAGEMENT STRATEGY AND INVESTMENT STRATEGY 2010/11 TO 2012/2013

RESOLVED:

(a)       that the Treasury Management Strategy Statement and Investment Strategy 2010/2011 to 2012/2013, together with the prudential indicators set out in appendix B to the report be approved;

(b)       that the Authorised  Limit for borrowing be set at £6,500,000;

(c)        that the maximum level of investment to be held within each organisation be set at £3,000,000 subject to market conditions;

(d)       that the unlimited level for investment in Debt Management Account Deposit Facility be approved; and

(e)       that the Treasury Management Policy statement set out in appendix F to the report be approved. 

(ii)        NON DOMESTIC RATES - HARDSHIP RELIEF POLICY

            The recommendations from the Cabinet were moved by Councillor G. N. Denaro and seconded by Councillor R. Hollingworth.

            During consideration of this matter the Vice-Chairman requested the public gallery to be quiet and to remain seated during the Council proceedings.

            Councillor P. M. McDonald moved an amendment that a Member of the Cabinet should be consulted on applications under the policy. Councillor Denaro indicated that he was willing to accept this amendment, whereupon it was

RESOLVED:

(a)       that the National Non Domestic Rates Hardship Policy as set out in the appendix to the report be approved;

(b)       that the Council’s Section 151 Officer, in consultation with the Portfolio Holder for Finance and Resources, be authorised to determine any applications in accordance with the Policy.