Issue - meetings

Minimum Revenue Provision Re-Profiling - Cabinet, 25 November, 2019

Meeting: 09/12/2019 - Council (Item 106)

106 MINIMUM REVENUE PROVISION RE-PROFILING pdf icon PDF 47 KB

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.

Additional documents:

Minutes:

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.