Policy And Resources Committee - 13/05/2002
At a MEETING of the FINANCE COMMITTEE held at Dundee on 13th May, 2002.
Present:-
COUNCILLORS
Lord Provost John R LETFORD |
Willie W SAWERS |
C D P FARQUHAR |
George de GERNIER |
Allan PETRIE |
Fraser MACPHERSON |
Helen WRIGHT |
George REGAN |
Jim BARRIE |
Betty WARD |
Bruce D MACKIE |
Julia M STURROCK |
Jill SHIMI |
Roderick A J WALLACE |
Neil GLEN |
Neil I C POWRIE |
Kenneth J N GUILD |
Elizabeth F FORDYCE |
Ian BORTHWICK |
Derek J SCOTT |
Fiona M GRANT |
Robin PRESSWOOD |
John CORRIGAN |
David BOWES |
Andrew DAWSON |
Dave BEATTIE |
Mervyn J ROLFE |
Councillor George REGAN, Convener, in the Chair.
The minute of meeting of this Committee of 15th April 2002 was held as read.
Unless marked thus * all items stand delegated.
I RELIEF ON RATES - CHARITY RELIEF
There was submitted Report No. 323-2002 by the Director of Finance seeking authorisation to grant charity relief on the undernoted non-domestic properties:-
Applicant |
Subjects
|
Sacro |
Office F, Market Mews, Market Street, Dundee |
|
|
Sanctuary Scotland Housing Association |
Showhouse, 6 Gleneagles Avenue, Dundee |
|
|
SCARF (Save Cash and Reduce Fuel) |
Balgray Works, Balgray Place, Dundee |
|
|
Television Trust for Scotland |
143C Nethergate, Dundee |
The Committee approved accordingly.
II DUNDEE CITIZENS ADVICE BUREAU - FINANCIAL ASSISTANCE 2002/2003
After considering Report No. 240-2002 by the Director of Finance the Committee agreed that a Revenue Grant amounting to 101,850 be paid to the Dundee Citizen Advice Bureau.
III OPERATING LEASES - YEAR ENDED 31ST MARCH 2002
There was submitted Agenda Note AN64-2002 relative to the undernoted.
It was noted that at the end of the financial year 2001/02 operating leases were entered into for the following vehicles and equipment:
Capital Value |
|
Information Technology: |
|
Equipment in various Council Departments |
666,950.01 |
|
|
Vehicles: |
|
ECPD Client |
183,946.64 |
ECPD DSO |
728,753.00 |
Leisure and Parks DSO |
211,573.00 |
|
|
Workshop Equipment for ECPD |
168,046.37 |
TOTAL |
1,959,269.02 |
It was further noted that the lease for the Information Technology equipment was entered into with Sovereign Finance plc for a period of 5 years at a rental of 132,196.16 per annum and that the lease for all of the vehicles and equipment was entered into with Societe Generale Ltd there being a number of terms within this lease ranging from 5 years to 8 years as shown below.
|
Annual Rental |
5 year lease |
39,810.98 |
6 year lease |
115,461.32 |
7 year lease |
36,992.74 |
8 year lease |
28,186.41 |
GEORGE REGAN, Convener.