Agenda item

ITEMS REFERRED FROM OTHER COMMITTEES

Any Items referred from other committees will be circulated as soon as they are available.

Decision:

6a      Item Referred from Cabinet: 28 January 2020 – Property Acquisition and Development Strategy

 

          RESOLVED: That the Property Acquisition & Development Strategy, including Appendices, be approved.

 

REASONS FOR DECISION:

 

(1)       To give effect to the Property Acquisition & Development Strategy so NHDC has in place a clear basis for pursuing property opportunities that are for the purposes of its functions or the benefit, improvement or development of its area;

 

(2)       To put in place a framework of robust and practical guiding principles that apply governance and rigorous appraisal to property acquisition and development decisions by NHDC, in order to safeguard the necessary capital expenditure and taxpayers’ resources.

 

6b      Item Referred From Cabinet: 28 January 2020 – Revenue Budget 2020-2021

 

RESOLVED: That the referral from Cabinet regarding the Revenue Budget 2020-2021 be taken with Item 8 (Minute 71 refers).

 

6c      Item Referred from Cabinet: 28 January 2020 – Investment Strategy

 

RESOLVED: That the referral from Cabinet regarding the Investment Strategy be taken with Item 9 (Minute 72 refers).

Minutes:

Audio recording – 5 minutes 43 seconds

 

6a      Item Referred from Cabinet: 28 January 2020 – Property Acquisition and Development Strategy

 

          The Executive Member for Enterprise and Co-operative Development presented the referral from Cabinet regarding the Property Acquisition and Development Strategy together with the following appendices:

 

·                      Report considered by Cabinet on 28 January 2020;

·                      Appendix A - Property Acquisition and Development Strategy;

·                      Appendix B - Appendix 1 of Property Acquisition and Development Strategy;

·                      Appendix C - Appendix 2 of Property Acquisition and Development Strategy;

·                      Appendix D - Appendix 3 of Property Acquisition and Development Strategy;

·                      Appendix E - Appendix 4 of Property Acquisition and Development Strategy.

 

He advised that Cabinet had recommended that:

 

“That the Property Acquisition & Development Strategy, including Appendices, be approved.”

 

It was moved by Councillor Keith Hoskins, seconded by Councillor Helen Oliver and:

 

RESOLVED: That the Property Acquisition & Development Strategy, including Appendices, be approved.

 

REASONS FOR DECISION:

 

(1)       To give effect to the Property Acquisition & Development Strategy so NHDC has in place a clear basis for pursuing property opportunities that are for the purposes of its functions or the benefit, improvement or development of its area;

 

(2)       To put in place a framework of robust and practical guiding principles that apply governance and rigorous appraisal to property acquisition and development decisions by NHDC, in order to safeguard the necessary capital expenditure and taxpayers’ resources.

 

6b      Item Referred From Cabinet: 28 January 2020 – Revenue Budget 2020-2021

 

RESOLVED: That the referral from Cabinet regarding the Revenue Budget 2020-2021 be taken with Item 8 (Minute 71 refers).

 

6c      Item Referred from Cabinet: 28 January 2020 – Investment Strategy

 

RESOLVED: That the referral from Cabinet regarding the Investment Strategy be taken with Item 9 (Minute 72 refers).

Supporting documents: