Decision Maker: Shareholder Committee
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: Yes
The Committee considered an exempt report from the Shareholder Representative that gave an overview on the companies second quarter of the year, including information on the current financial position, progress against key performance indicators, key issues, risks, targets and activities for the quarter.
The Interim Managing Director – Graven Hill Village Development Company also gave a verbal update on the Quarter Three position.
Resolved
(1) That the Graven Hill Village Development Company (GHVDC) Quarter Two Business report be noted.
(2) That the verbal flash update be noted.
(3) That the GHVDC S106 update be noted.
(4) That the outcomes of the Strategy Session held on 26 October 2023 be noted.
(5) That the progress on the side letter to align the STACK 19 approved in April 2023 with the current funding agreement be noted.
(6) That it be noted that STACK 20 will be generated as a result of the development of the new application and will be underpinned by a new Funding Agreement, which will be subject to discussion and approval of the S151 officer.
(7) That the GHVDC Quarter Two Business Report and Quarter Three flash verbal update be approved.
Reason Key: Significant Expenditure or Savings and effect on communities in two or more wards;
Reason No Public Access: Paragraph 3 of schedule 12A in Local Government Act 1972
Contact: Stephen Hinds, Corporate Director Resources and Transformation Email: stephen.hinds@cherwell-dc.gov.uk Tel: 01295 221620.
Report author: Stephen Hinds
Publication date: 19/12/2023
Date of decision: 13/12/2023
Decided at meeting: 13/12/2023 - Shareholder Committee
Effective from: 23/12/2023