To put forward further capital programme proposals following Council’s decision on 7 March 2008 to allocate additional resources to fund prudential borrowing in 2008/09 and 2009/10.

THAT  (a)        additional capital resources of £440,333 be allocated to the scheme bringing together Ross-on-Wye Library and Info Services on one site;

(b)               capital resources of £2.92m be allocated to the Masters House scheme in Ledbury;

(c)               additional capital resources of £751,000 be allocated to the Hereford City Centre refurbishment; and

(d)               the balance of the additional funding be held pending greater certainty about funding of other major projects.

To bring the Council’s capital spending plans up to date following Council’s decision on 7 March 20008 to allocate additional resources.  This is in addition to the £1m of capital funding already allocated as part of the 2008/09 budget.

There are no alternative options.