That it be recommended to Council that with effect from 1 April 2015:

a)           the Council’s MRP policy, paragraph (a) only, be amended to, “For capital expenditure incurred before 1 April 2008: MRP will be calculated on an straight line basis over the expected average useful life of the assets”;

b)           the annual PFI lease charge be financed from the provision currently set-up to cover the final bullet payment and that capital receipts be used to replenish this provision to ensure this can still be made in 2028/29.