Issue - meetings

Report of Shareholder Representative

Purpose of report

To note, comment and approve recommendations in response to the GHVDC Quarter One Business Report. 

Recommendations

The Shareholder Committee resolves: 

1.1           To note and comment on the GHVDC Quarter One Business Report. 

1.2           To approve the GHVDC Quarter One Business Report.

1.3           To note and comment on the GHVDC Bonus overview FY 2024/25 and FY 2025/26 as requested at the June committee (Appendix C of the exempt version of the report). 

Resolved

(1)            That the Graven Hill Village Development Company (GHVDC) Quarter One 2025-2026 Business Report be noted.

(2)            That the Graven Hill Village Development Company (GHVDC) Quarter One 2025-2026 Business Report be approved.

(3)            That the Graven Hill Village Development Company (GHVDC) Bonus overview for the financial year 2024/25 and financial year 2025/26, as requested at the June Shareholder Committee, be noted.

The Committee considered the public version of the report of the Shareholder Representative which provided the Graven Hill Village Development Company (GHVDC) - Quarter 1 Business Report 2025/2026.

In response to a question regarding resilience in meeting targets in light of wider housing uncertainty, the Managing Director GHVDC explained that whilst stamp duty changes had had an impact, he was cautiously optimistic that objectives would be met.

Having considered the exempt version of the report in private sessions, the Committee considered the recommendations.

Resolved

(1)            That the Graven Hill Village Development Company (GHVDC) Quarter One 2025-2026 Business Report be noted.

(2)            That the Graven Hill Village Development Company (GHVDC) Quarter One 2025-2026 Business Report be approved.

(3)            That the Graven Hill Village Development Company (GHVDC) Bonus overview for the financial year 2024/25 and financial year 2025/26, as requested at the June Shareholder Committee, be noted.

Reasons

Through agreeing the recommendations in this report the Council is ensuring continued oversight of the governance and strategic direction of the delivery of the Graven Hill Village development on behalf of the local communities.

Alternative options

None