Decision Maker: Cabinet.
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To
consider amending the terms of reference of both the
Member Advisory Panel relating to Property Investment and the
Property Investment Cabinet Committee.
Decision:
That the terms of reference of
both the Member Advisory Panel relating to Property Investment and
the Property Investment Cabinet Committee be amended as set out in
the attached Appendix.
Reasons for the decision:
The Cabinet considered
a reference from the Audit Committee recommending:-
“That consideration be given to the amendment of the terms
of reference of both the Member Advisory Panel relating to Property
Investment and the Property Investment Cabinet Committee to clarify
the intention that decisions to either reject or take forward
property investment proposals are to be taken by the Cabinet
Committee based on the recommendation of the Advisory Panel,
supported by a robust financial business case, and having specific
regard to the CIPFA Code of Practice.”
Proposed amended
wording to the Terms of Reference of both the Member Advisory Panel
and the Property Investment Cabinet Committee were circulated at
the meeting.
Alternative options considered:
The Cabinet could have
ignored the advice of the Audit Committee and not amended the
wording of the terms of reference but this was not thought
appropriate as the wording was felt to be ambiguous and the
intention needed to be clarified clearly.
Details of the Committee: None
Publication date: 14/02/2013
Date of decision: 13/02/2013
Decided: 13/02/2013 - Cabinet.
Effective from: 22/02/2013
Accompanying Documents: