Issue - meetings

To consider the joint report of the Director of Housing and Inclusion and the Borough Treasurer.

Consideration was given to the joint report of the Director of Housing and Inclusion and the Borough Treasurer, as contained on pages 867 to 948 of the Book of Reports, which provided members with a progress update since the decisions of Extraordinary Cabinet and Council on 17 October 2018 and sought approval to proceed with forming a Development Company, with the appointment of the Board of Directors and for the Company to become operational; and to approve the Development Company's Business Plan for implementation, together with its funding arrangements.

A Motion to approve the recommendation at paragraph 4 of the report was moved and seconded.

An Amendment to the Motion was moved and seconded.

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

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

RESOLVED:   A.   That the creation of the Development Company, named Tawd Valley Developments Limited beapproved.

B.      That the Chief Executive in consultation with the Leader, Portfolio Holder for Housing and Landlord Services and Portfolio Holder for Resources and Transformation be authorised to determine all matters, as the shareholder for the Development Company, on behalf of theCouncil.

C.     That the appointment of the Director of Housing and Inclusion and the Borough Treasurer as Directors of the Development Company be approved.

D.     That the governance and financial arrangements required for the Development Companyto operatewith theCouncil assole shareholder,as setout inthis report at section 4 and section 8 be approved.

E.      That the Director of Housing and Inclusion, in consultation with the Leader of the Council, Portfolio Holder for Housing and Landlord Services and Portfolio Holder for Resources and Transformation, be authorised to take all necessary steps to enable the Development Company to be set up including making arrangements for the appointment of the two independent directors to the Development CompanyBoard.

F.      That the Development Company's annual Business Plan set out at Appendix 1 to the report attached at Appendix A, be approved.

G.     That the financial and resource implications at section 8 of the report be noted and approved.

H.     That authority be given to sell the Council owned land referred to in the Business Plan to the Development Company at market value, including the ability to licence the occupation of this land subject to the obtaining of all necessary licences, permissions and consents and the making of any arrangements to appropriate any suitable Housing Revenue Account (HRA) land for General Revenue Account use.

I.        That theCouncil beauthorised topurchase orprocure theaffordable housingunits on behalf of the Housing Revenue Account (HRA) as set out in paragraphs 8.5 and 8.6 of the report attached at Appendix A.

J.       That the Borough Treasurer, in consultation with the Portfolio Holder for Resources and Transformation, be authorised to manage the loan arrangements set out in accordance with paragraph 8.2 of thereport attached at Appendix A.

K.      That the  ...  view the full minutes text for item 93

To consider the joint report of the Director of Housing and Inclusion and the Borough Treasurer.

Consideration was given to the joint report of the Director of Housing and Inclusion and the Borough Treasurer contained on pages 841 to 920 of the Book of Reports which provided an update on progress.

In referring to the proposed Board membership/governance arrangements, a Member requested that the Council explore how other similar arms-length organisations operate.

RESOLVED:            That the report be noted and that consideration be given to the Board Membership/Scrutiny arrangements of other arms-length organisations operating in a similar manner.

(Relevant Portfolio Holders: Councillors Forshaw, Moran & Yates)

Councillor Forshaw introduced the joint report of the Director of Housing and Inclusion and Borough Treasurer which provided an update on progress following the resolution of Cabinet and Council meetings on 17 October 2018 and sought approval to proceed with the appointment of the Board of Directors and for the Company to become operational and to approve the Development Company's Business Plan for implementation together with its funding arrangements.

In reaching the decision below, Cabinet considered the details as set out in the report before it and accepted the reasons contained therein.

RESOLVED  A.     That the contents of the report and the resolutions of the Executive Overview and Scrutiny Committee meeting on 22 November 2018 be noted and recommendations 2.1 to 2.9 (inclusive) as set out in the joint report of the Director of Housing and Inclusion and Borough Treasurer, 'Forming a Development Company' (at Appendix A to this report) be approved.

                        B.      That call-in is not appropriate for this item as the report is being submitted to the next meeting of the Executive Overview and Scrutiny Committee on 31 January 2019.

To consider the report of the Director of Housing and Inclusion.

The Leader advised that at the meeting of Extraordinary Cabinet, held immediately preceding the meeting of Council, had resolved to defer consideration of the report 'Forming a Development Company' until the next or a future meeting of Cabinet, in order to give consideration to the Chancellor of the Exchequer’s budget statement which is to be delivered on 29 October 2018, and moved the following Motion, which was seconded:

"That consideration of the report should be deferred to the next or a future meeting of Council". 

A vote was taken, the Motion was CARRIED.

RESOLVED:     That consideration of the report should be deferred to the next or a future meeting of Council.

(Note: Members of the Press and public were invited back into the meeting)

(Relevant Portfolio Holders: Councillors Forshaw, Moran & Yates)

The Leader introduced the joint report of the Director of Housing and Inclusion and Borough Treasurer which provided an update on progress with forming a development company.  The report sought approval for the appointment of the Board of Directors, for the Company to become operational and to the development company’s business plan for implementation and its funding arrangements.

The Leader circulated a motion which sought a deferral of the item to a future meeting of the Cabinet in order to consider the Chancellor of the Exchequer’s imminent Budget Statement.

RESOLVED              That this item be considered at the next or a future meeting   of Cabinet in order to give consideration to the Chancellor of the Exchequer’s budget statement which is to be delivered on 29 October 2018.