Issue - meetings
Minimum Revenue Provision Re-Profiling - Cabinet, 25 November, 2019
Meeting: 09/12/2019 - Council (Item 106)
The Council is requested to agree the recommendation of Cabinet that the proposal to re-profile Minimum Revenue Provision charges by over £2m over the next ten years, recouped via higher charges in subsequent years, be approved.
(Cabinet minute 63 attached).
The report can be viewed here.
The fifth matter requiring consideration was in relation to the Minimum Revenue Provision Re-Profiling as recommended by Cabinet at its meeting on 25 November, 2019 (minute 63 refers).
On a motion by Councillor Janette Williamson, seconded by Councillor Pat Hackett, it was -
Resolved (58:0) (One abstention) - That the recommendation contained within minute 63 of Cabinet, 25 November, 2019, be approved as follows, the re-profiling of Minimum Revenue Provision charges resulting in a reduction of MRP charges by over £2m p.a. over the next ten years, recouped via higher charges in subsequent years.