DEVELOPMENT COMPANY BUSINESS PLAN
To consider the report of the Chief Operating Officer.
Additional documents:
Minutes:
Consideration was given to the report of the Chief Operating Officer as contained on pages 793 to 822 of the Book of Reports, the purpose of which was to seek approval for the latest business plan of Tawd Valley Developments Limited (TVDL), which is the Council's wholly owned Development Company.
A Motion to approve the recommendations at 2.1 to 2.3, was moved and seconded.
An Amendment to the Motion, as displayed on the screen and included in the Book of Reports, was moved and seconded.
A vote was taken on the Amendment, which was LOST.
A Further Amendment to the Motion, as displayed on the screen, circulated prior to the meeting and included in the Book of Reports was moved and seconded.
A vote was taken on the Further Amendment, which was LOST.
A vote was taken on the Motion, which was CARRIED.
RESOLVED: A That the TVDL business plan for the next 5 years be approved.
B. That the appraisal criteria for affordable homes schemes set out in paragraph 4.7 of the report be approved.
C. That the financial implications for the Council arising from the TVDL business plan, as set out in section 5 of the report, be approved.