Decision details

Bristol Waste Fleet Renewal

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To approve in principle Bristol Waste Company's fleet replacement programme.

Decision:

That Cabinet:

1.             Noted BWC’s fleet replacement programme as described in the report

2.       Approved the allocation of the Council’s financial resources, up to £12m, to support the phased replacement of the existing fleet by way of shareholder’s loans on commercial terms.

3.       Delegated to the Service Director Finance, in consultation with the Cabinet Member for Finance, Governance and Performance, authority to set the terms and conditions of the required loans following submission of a satisfactory business case for each tranche of replacement/ investment.

4.       Noted that the proposal for the replacement of the fleet does not preclude leasing options (rather than purchase options) if this can be justified as being strategically, operationally and financially beneficial.

5.       Noted the procurement and award of these contracts are the responsibilities of Bristol Waste Company.

 

Report author: David Lawrence

Publication date: 04/12/2018

Date of decision: 04/12/2018

Decided at meeting: 04/12/2018 - Cabinet

Effective from: 12/12/2018

Accompanying Documents: