Issue - meetings
Crown House Shareholders Agreement and Crown House Manager Appointment
Meeting: 07/02/2022 - Executive (Item 104)
104 Shareholders Agreement - Crown House and Crown Apartments 
PDF 357 KB
Report of Shareholder Representative
Purpose of report
To approve the shareholder agreement between Cherwell District Council (CDC) and Crown House Banbury Limited and Crown Apartments Banbury Limited
Recommendations
The meeting is recommended:
1.1 To approve the entering into of a shareholder agreement between Cherwell District Council (CDC) and Crown House Banbury Limited and Crown Apartments Banbury Limited
Additional documents:
- Appendix 1 Shareholder Agreement - Crown House and Crown Apartments, item 104
PDF 280 KB
- Webcast for Shareholders Agreement - Crown House and Crown Apartments
Decision:
Resolved
(1) That the entering into of a shareholder agreement between Cherwell District Council (CDC) and Crown House Banbury Limited and Crown Apartments Banbury Limited be approved.
(2) That the Shareholder Representative, in consultation with the Leader of the Council, be authorised to settle the final terms and sign the shareholder agreement on behalf of Cherwell District Council.
Minutes:
The Shareholder Representative submitted a report to approve the shareholder agreement between Cherwell District Council (CDC) and Crown House Banbury Limited and Crown Apartments Banbury Limited
Resolved
(1) That the entering into of a shareholder agreement between Cherwell District Council (CDC) and Crown House Banbury Limited and Crown Apartments Banbury Limited be approved.
(2) That the Shareholder Representative, in consultation with the Leader of the Council, be authorised to settle the final terms and sign the shareholder agreement on behalf of Cherwell District Council.
Reasons
Through agreeing with the recommendations in this report the council is ensuring that a relevant and up to date legal agreement between the Shareholder and Crown House companies is in place.
Alternative options
Option 1: Not to approve the entering into of the shareholder’s agreement – this has been rejected as not entering into the agreement would mean that the Council would have no ability to influence or monitor the activities, of the companies through the various rights granted to it under the shareholder’s agreement.