Issue - meetings

Cabinet Member: Finance

Forward Plan Ref: 2023/126

Contact: Natalie Crawford, Capital Programme Manager, natalie.crawford@oxfordshire.gov.uk

Report by Director of Finance (CA12 ).

The Cabinet is RECOMMENDED to:

a)    approve the release of the £1m approved budget to complete Stage 0 of the Didcot Central Corridors South and Vale Programme.

b)    approve the release of £1.55m to progress with Stage 1 of the expanded Zero Emission Zone scheme and to approve the forward funding of £0.55m from the Budget Priority Reserve.

c)     approve a budget increase of £1.495m to a revised budget of £6.99m for Benson Relief Road to enable implementation of construction work, funded from additional S106 contributions and Growth Deal Funding and to forward fund the scheme in advance of secured S106 contributions.

d)    agree a revised budget of £24.1m to the A44 Corridor Improvements between and including Peartree to Cassington Road roundabout, an additional £4.1m funded from Growth Deal as detailed in paragraph 13.

e)    agree the inclusion of £0.95m for a programme of works into the Capital Programme, to upgrade two Gypsy and Traveller sites (utility buildings), funded from the agreed capital proposals (February 2023) in earmarked reserves.

Recommendations approved.

Cabinet had before it a report setting out requests for changes to the Capital Programme requiring Cabinet approval that will be incorporated into the agreed programme and included in the next quarterly update to the Capital Programme in October 2023. 

Councillor Miller, Cabinet Member for Finance, introduced the report and answered a number of questions.

RESOLVEDto:

a)    approve the release of the £1m approved budget to complete Stage 0 of the Didcot Central Corridors South and Vale Programme.

b)    approve the release of £1.55m to progress with Stage 1 of the expanded Zero Emission Zone scheme and to approve the forward funding of £0.55m from the Budget Priority Reserve.

c)     approve a budget increase of £1.495m to a revised budget of £6.99m for Benson Relief Road to enable implementation of construction work, funded from additional S106 contributions and Growth Deal Funding and to forward fund the scheme in advance of secured S106 contributions.

d)    agree a revised budget of £24.1m to the A44 Corridor Improvements between and including Peartree to Cassington Road roundabout, an additional £4.1m funded from Growth Deal as detailed in paragraph 13.

e)    agree the inclusion of £0.95m for a programme of works into the Capital Programme, to upgrade two Gypsy and Traveller sites (utility buildings), funded from the agreed capital proposals (February 2023) in earmarked reserves.