Agenda and minutes


Shareholder Committee
Tuesday 23 April 2019 2.30 pm

Venue: Bodicote House, Bodicote, Banbury OX15 4AA

Contact: Natasha Clark, Democratic and Elections  Email: natasha.clark@cherwellandsouthnorthants.gov.uk, 01295 221589

Items
No. Item

10.

Declarations of Interest

Members are asked to declare any interest and the nature of that interest which they may have in any of the items under consideration at this meeting.

 

Minutes:

There were no declarations of interest.

11.

Minutes pdf icon PDF 66 KB

To confirm as a correct record the Minutes of the meeting of the Committee held on 3 December 2018.

Minutes:

The minutes of the meeting of the Committee held on 3 December 2018 were agreed as a correct record and signed by the Chairman.

12.

Chairman's Announcements

To receive communications from the Chairman

Minutes:

There were no Chairman’s announcements.

13.

Urgent Business

The Chairman to advise whether they have agreed to any item of urgent business being admitted to the agenda.

Minutes:

There were no items of urgent business.

14.

Exclusion of the Public and Press

The following item of business contains exempt information as defined in the following paragraphs of Part 1, Schedule 12A of Local Government Act 1972.

 

3                 Information relating to the financial or business affairs of any particular person (including the authority holding that information)

 

Members are reminded that whilst the following item has been marked as exempt, it is for the meeting to decide whether or not to consider each of them in private or in public. In making the decision, members should balance the interests of individuals or the Council itself in having access to the information. In considering their discretion members should also be mindful of the advice of Council Officers.

 

Should Members decide not to make a decision in public, they are recommended to pass the following recommendation:

 

“That, in accordance with Section 100A(4) of Local Government Act 1972, the press and public be excluded from the meeting for the following item of business, on the grounds that they could involve the likely disclosure of exempt information as defined in paragraph 3 of Schedule 12A of that Act and that in all the circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information.”

 

 

 

 

 

Minutes:

That, in accordance with Section 100A(4) of Local Government Act 1972, the press and public be excluded from the meeting for the following item of business, on the grounds that they could involve the likely disclosure of exempt information as defined in paragraph 3 of Schedule 12A of that Act and that in all the circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information.

15.

Graven Hill 2019/20 Business Plan and Budget and Current Operational Overview

Exempt report of Executive Director Finance and Governance (Interim)

Minutes:

The Executive Director of Finance and Governance (Interim) submitted an exempt report for the Committee to note and review the Graven Hill 2019/20 Business Plan and Budget and to have a strategic overview of the current operational position.

 

The Managing Director, Graven Hill Village Development Company, gave a presentation which provided an overview of the Business Plan and Budget and explained that this set out the vision and values, objectives, delivery and key performance indicators for the coming year for the Graven Hill Village Development Company. It also included the budget, forecasted cash flow and analysis.

 

The Managing Director, Graven Hill Village Development Company presented the quarter four report, which included an overview of the progress on site including sales and marketing, key performance indicators year end forecast, key learnings from phase one delivery and the quarter one forward plan.

 

Members asked a number of questions, which were duly answered by the Managing Director Graven Hill Village Development Company and Executive Director: Finance (Interim).  

 

Resolved

 

(1)            That, having given due consideration, the Graven Hill 2019/20 Business Plan and Budget (exempt annex to the Minutes as set out in the Minute Book) as previously approved by written resolution on 15 February 2019 be noted.

 

(2)            That the Graven Hill operational overview as at quarter 4 and management accounts for the month ending 28 February 2019 be noted.