Issue - decisions

Corporate Assets Decarbonisation Scheme (CADS) phase 2 - approval to spend

18/04/2023 - Corporate Assets Decarbonisation Scheme (CADS) phase 2 - approval to spend

(i)  Cabinet approves spend on Phase 2 of CADS of £0.95M, currently budgeted within the existing Place capital programme for financial year 2023/2024.

(ii)  Cabinet approves a revenue saving of £0.13M from the corporate energy budget, from 2024/25 onwards, which will more than cover the additional costs identified below.

(iii)  Cabinet approves the additional budget of £0.03M in 2023/24 and £0.067M from 2024/25 onwards for financing costs, to be added to the existing Capital Asset Management (CAM) budget. Capital financing was previously removed from the MTFS - pending the business case and confirmation the costs would be covered.

(iv)  Cabinet approves the budget of £0.004M from 2029/30 onwards for the additional maintenance cost of the Solar PV units.

(v)  Cabinet delegates authority to the Head of Corporate Estate and Assets following consultation with the Head of Supplier Management, to finalise any specific terms of the proposed contracts outlined within this paper, then award and enter the call off contract under the relevant framework agreement, and carryout all necessary actions to facilitate the execution, implementation and operation of the contracts.