TRADING COMPANY UPDATE - PART 2
The purpose of this report is to provide the
Cabinet Sub Committee (Local Authority Trading Companies’
Shareholder) an update on the progress that has been made and to
seek approval to commence trading of the holding company and to the
establishment of a subsidiary company that will let Harkness
Court.
Additional documents:
Decision:
RESOLVED: That the Sub-Committee note the content of the Part 2 report before coming to a decision in public session.
Minutes:
N. B As this item was considered in private session there is no audio recording.
The Service Director – Commercial presented the report entitled Trading Company Update along with Appendix A – Business Case and Appendix B – Financial Modelling.
The following Members asked questions and took part in debate:
· Councillor Sam Collins
· Councillor Paul Clark
· Councillor Ian Albert
The Service Director – Commercial, Service Director – Resources, Service Director – Legal & Community and Legal Commercial Team Manager gave advice and answered questions.
On the vote it was:
RESOLVED: That the Sub-Committee note the content of the Part 2 report before coming to a decision in public session.