Agenda and draft minutes


Shareholder Committee
Tuesday 20 August 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

16.

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.

17.

Minutes pdf icon PDF 58 KB

To confirm as a correct record the Minutes of the meeting of the Committee held on 23 April 2019.

Additional documents:

Minutes:

The minutes of the meeting of the Committee held on 23 April 2019 were agreed as a correct record and signed by the Chairman.

18.

Chairman's Announcements

To receive communications from the Chairman

Minutes:

There were no Chairman’s announcements.

19.

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.

20.

Exclusion of the Public and Press

The following item of business contains exempt information as defined in the following paragraph 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 items have 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:

Resolved

 

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.

 

 

21.

Graven Hill Current Operational and Strategy Update

Exempt Report of Executive Director: Finance (Interim)

Minutes:

The Executive Director: Finance (Interim) submitted an exempt report which presented the current operational and strategic position of the Graven Hill Village Development Company

 

The Managing Director Graven Hill Development Company gave an overview of the Quarter one report, which included progress on site including sales and marketing, and management accounts as at the end of the quarter, as well as details of the key focus areas for quarter two.

 

In response to questions from Members, the Managing Director Graven Hill Development Company advised the Committee that the budget setting process for 2020/21 was already underway, and more information would be submitted to the Committee in November 2019. The Executive Director: Finance (interim) confirmed that the timetable fitted with the budget process of the shareholder.

 

Members asked further questions which were duly answered.

 

Resolved

 

(1)          That the Graven Hill quarter one management information be noted.

 

(2)          That the Graven Hill quarter one forecast and updated cash flow be noted.

 

(3)          That the update on the building blocks as agreed at the Graven Hill strategy workshop on 20 June 2019 be noted.