Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
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
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: