Agenda and minutes


Venue: Remote meeting

Contact: Emma Faulkner, Democratic and Elections  Email: democracy@cherwellandsouthnorthants.gov.uk, 01295 221953

Items
No. Item

7.

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.

8.

Minutes pdf icon PDF 203 KB

To confirm as a correct record the Minutes of the meeting of the Committee held on 22 May 2020.

 

***Please note the minutes will be to follow as they are being finalised***

Minutes:

The Minutes of the meeting of the Committee held on 22 May 2020 were confirmed as a correct record, to be signed by the Chairman in due course.

9.

Chairman's Announcements

To receive communications from the Chairman

Minutes:

There were no Chairman’s announcements.

10.

Urgent Business

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

Additional documents:

Minutes:

The Chairman reported he had agreed to add one item of restricted urgent business, that would be considered after the substantive agenda item. The item had been accepted as urgent business as the report contained a recommendation to Full Council and the next meeting of Full Council would take place before the next scheduled meeting of Shareholder Committee in August 2020.  

11.

Exclusion of the Public and Press

The following items of business contain 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 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 items 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 involved the likely disclosure of exempt information as defined in paragraph 3 of Schedule 12A of that Act and that in all circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information.

12.

Graven Hill - Request to act as Guarantee

Exempt report of Shareholder Representative.

Minutes:

The Committee considered an exempt report from the Shareholder Representative, which detailed a request from the Graven Hill Development Company Ltd for the Council to act as Guarantor for certain deposits between May and December 2020.

 

The Committee asked detailed questions which were duly answered by officers.

 

Resolved

 

(1)       As set out in the exempt minutes

 

(2)       As set out in the exempt minutes

 

(3)       As set out in the exempt minutes

 

(4)       As set out in the exempt minutes

 

 

13.

Graven Hill - Part Exchange Proposal

Minutes:

The Committee considered an item of urgent business from the Shareholder Representative, relating to the Part Exchange proposal for Graven Hill.

 

The report requested that the Committee give formal approval for the Part Exchange Scheme, and recommend to Full Council that it be funded through a virement of funds from an existing budget.

 

It was proposed by Councillor Barry Wood and seconded by Councillor Tony Ilott that:

 

1.1          the further detail for offering a pilot part-exchange scheme at the Graven Hill development be considered and approved; .

 

1.2          Council be recommended to approve a loan arrangement to Graven Hill to support the offering of the pilot part exchange scheme, to be funded by the virement of existing budget from within the capital programme as detailed in the report and formalised in a new loan agreement (or, if appropriate, in a varied facility agreement, as currently exists) between the Council and Graven Hill (with power to negotiate the terms of such agreement (or variation) delegated to the Shareholder Representative in consultation with the Director of Finance (s.151 Officer) and the Monitoring Officer).

 

Resolved

 

(1)       That the further detail for offering a pilot part-exchange scheme at the Graven Hill development be considered and approved

 

(2)       That Council be recommended to approve a loan arrangement to Graven Hill to support the offering of the pilot part exchange scheme, to be funded by the virement of existing budget from within the capital programme as detailed in the report and formalised in a new loan agreement (or, if appropriate, in a varied facility agreement, as currently exists) between the Council and Graven Hill (with power to negotiate the terms of such agreement (or variation) delegated to the Shareholder Representative in consultation with the Director of Finance (s.151 Officer) and the Monitoring Officer).