Issue - meetings

To consider the report of the Chief Operating Officer.

Consideration was given to the report of the Chief Operating Officer, as contained on pages 825 to 906 of the Book of Reports, which sought approval for the latest business plan of Tawd Valley Developments Limited (TVDL), which is the Council's wholly owned development company.

The Mayor advised that the Minute of the Tawd Valley Developments Shareholders Committee had been circulated prior to the meeting.

A Motion to approve the recommendations at 2.1 and 2.2 of the report was moved and seconded.

An Amendment, circulated prior to the meeting, was moved and seconded.

A vote was taken on the Amendment, which was LOST.

A vote was taken on the original Motion, which was CARRIED.

(Councillor Rigby asked that his vote against the Motion be recorded.)

RESOLVED:   A.     That the TVDL business plan set out in the Appendix to this report be approved.

B.     That the financial implications for the Council arising from the business plan, as set out in section 5 of the report, be approved.

To consider the report of the Chief Operating Officer.

Consideration was given to the report of the Chief Operating Officer, which provided financial projections for each of the approved schemes within the Business Plan of Tawd Valley Developments Limited (TVDL), the Council's wholly owned development company.

RESOLVED:   A.      That the financial approval for the Fairlie scheme be amended as set out in section 4 of the report.

B.      That the financial projections for the other schemes within the Business Plan set out in Appendix 1 be noted.

C.      That in accordance with the terms and conditions of Homes England Funding that the positive outcome of the Homes England Compliance Audit on the Eskbank scheme be noted.