Issue - meetings

To consider a report by the Heads of Planning Services and of Financial Services regarding the funding of the Huntingdon Town Centre Medium Term Plan Scheme.

  Approved the release of funding for the Huntingdon Town Centre Development Scheme in 2005/06and in the event revenue savings fail to cover the impact of this change, approved a  supplementary revenue estimate of up to £54,000 in the current year and the variations in revenue impact relating to 2005/06 onwards included in the medium term plan.

By way of a joint report by the Heads of Planning and of Financial Services (a copy of which is appended in the Minute Book) the Cabinet considered a request for the release of funding from the Medium Term Plan for a series of studies on issues likely to impact on the redevelopment and economic viability of Huntingdon Town Centre, some of which would involve a transfer from capital to revenue funding.

Whereupon, it was

RESOLVED

  (a)  that the release of funding for the Huntingdon Town Centre Development Scheme in 2005/06 be approved; and

  (b)  that, should revenue savings fail to cover the impact of the change referred to in (a) above, a supplementary revenue estimate of up to £54,000 in the current year be approved and the variations in revenue impact relating to 2005/06 onwards included in the Medium Term Plan.