Issue - meetings
Investment opportunity
Meeting: 12/09/2012 - Cabinet. (Item 82)
82 Investment Opportunities PDF 100 KB
Additional documents:
- Enc. 1 for Investment opportunity, item 82 PDF 26 KB View as HTML (82/2) 10 KB
- Enc. 2 for Investment opportunity, item 82 PDF 37 KB View as HTML (82/3) 8 KB
Decision:
1.
That the three areas of investment be supported,
subject to the controls set out in the report of the Assistant
Director of Environment and Regulatory Services.
2. That a member advisory panel be established in accordance with the terms of reference set out in Appendix 2 to the report of the Assistant Director of Environment and Regulatory Services.
3.
That a Cabinet Committee be established, in
accordance with the terms set out in Appendix 2 to the report of
the Assistant Director of Environment and Regulatory Services, to
make decisions on possible acquisitions, having regard to the views
of the members advisory panel. The
committee to comprise of the Leader of the Council, the Cabinet
Member for Economic and Commercial Development and the Cabinet
Member for Corporate Services. The remaining Cabinet Members are
able to be appointed as substitute members of the
Committee.
4.
That an agent or agents be appointed on a commission
only basis, in accordance with the maximum sliding scale identified
in Appendix 1 to the report of the Assistant Director of
Environment and Regulatory Services, to bring forward potential
acquisitions on a confidential basis.
5. That the Audit Committee and the Council be recommended to authorise prudential borrowing of up to £6million within the current financial year 2012/13 and to set aside a fund of £500,000 from balances to cover any potential scheme failure.
Minutes:
DECISION MADE:
1.
That the three areas of investment be supported,
subject to the controls set out in the report of the Assistant
Director of Environment and Regulatory Services.
2. That a member advisory panel be established in accordance with the terms of reference set out in Appendix 2 to the report of the Assistant Director of Environment and Regulatory Services.
3.
That a Cabinet Committee be established, in
accordance with the terms set out in Appendix 2 to the report of
the Assistant Director of Environment and Regulatory Services, to
make decisions on possible acquisitions, having regard to the views
of the members advisory panel. The
committee to comprise of the Leader of the Council, the Cabinet
Member for Economic and Commercial Development and the Cabinet
Member for Corporate Services. The remaining Cabinet Members are
able to be appointed as substitute members of the
Committee.
4.
That an agent or agents be appointed on a commission
only basis, in accordance with the maximum sliding scale identified
in Appendix 1 to the report of the Assistant Director of
Environment and Regulatory Services, to bring forward potential
acquisitions on a confidential basis.
5. That the Audit Committee and the Council be recommended to authorise prudential borrowing of up to £6million within the current financial year 2012/13 and to set aside a fund of £500,000 from balances to cover any potential scheme failure.
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