Graven Hill Village Development Company (GHVDC) Quarter Two Business Report 2023/24 and Quarter Three Verbal Flash Update
Exempt report of the Shareholder Representative
Additional documents:
Decision:
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.
Minutes:
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.