1. That it be recommended that the Council agrees:

a. that additional borrowing be approved, subject to a full procurement exercise in the sum stated in the report;

b. the changes to the prudential indicators as detailed in the report.

2. That, subject to the Council approving the recommendations above, approval be given to the procurement of a contract to replace the existing SOX/SON luminaires with LED luminaires and other matters as detailed in the report. Following the procurement exercise a further report will be submitted to the Executive detailing the outcome of the procurement exercise and to seek approval for the award of the contract.