Decision details

Graven Hill Village Development Company (Dev Co) - Creation of Additional Companies

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To consider a request from Graven Hill Development Company to create an additional subsidiary company

 

Reason for urgency: Decision non-key. Item added to the agenda to enable timely consideration of the report as the next scheduled Executive meeting is 6 September

Decision:

Resolved

 

(1)          That the creation by Graven Hill Development Company (Dev Co) of a special purpose vehicle (SPV) as a company limited by shares be approved and that Dev Co be requested to prepare governance documents for final approval by the Shareholder Representative, in consultation with the Chairman of the Shareholder Boardbefore registration and director nominations occur.

 

(2)          That the new company be included, along with Dev Co’s existing subsidiary companies, within the shareholder agreement between the council (1) Graven Hill Village Holdings Limited (2) and Dev Co (3) entered 30 September 2019. 

 

Corporate Priorities : An enterprising economy with strong and vibrant local centres;

Reason No Public Access: No

Declarations: None

Subject to Urgent Proceedings: No

Contact: Steve Jorden, Corporate Director Commercial Development, Assets & Investment Email: steve.jorden@oxfordshire.gov.uk Tel: 07770 867896.

Report author: Steve Jorden

Publication date: 06/07/2021

Date of decision: 05/07/2021

Decided at meeting: 05/07/2021 - Executive

Effective from: 10/07/2021

Accompanying Documents: