Issue - meetings

To consider the recommendations from the meeting of the Cabinet held on 3rd March 2010 on the following items (the full Cabinet reports are enclosed for background information at the back of the Council agenda book):

Ø      Treasury Management Strategy Statement and Investment Strategy 2010/11 to 2012/13

Ø      Non Domestic Rates – Hardship Relief Policy

(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.