Decision details
Annual Replacement Programme 2021 to 2024 - Domestic and Commercial Bins (Cab.2.6.2021/12)
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Approval is required to adjust the capital provision allocated to the annual programme for the replacement of damaged and stolen bins and supply of new bins, for both commercial and domestic premises.
Decision:
RESOLVED:-
1. that the bin replacement programme for domestic and commercial bins for 2021-2024 be approved; and
2. that the estimated annual replacement programme will result in capital expenditure of £0.300m per annum from 2021-2024; finance officers have assessed and the most cost-effective funding mechanism in respect of this programme will be prudential borrowing. The bins will be financed over a period of ten years per tranche which reflects their useful life and is in keeping with previous replacement programmes.
Publication date: 02/06/2021
Date of decision: 02/06/2021
Decided at meeting: 02/06/2021 - Cabinet
Effective from: 09/06/2021
Accompanying Documents: