Agenda, decisions and minutes

To confirm as a correct record the Minutes of the Commercial Ventures Executive Sub-Committee held on 7 November 2019.

RESOLVED to approve the minutes of the meeting held on 7 November 2019 as a correct record.

To receive any apologies for absence.

There were no apologies for absence.  Councillor M Brunt joined the meeting at 1831.

To receive any declarations of interest.

There were no declarations of interest.

To consider proposals in relation to Project Baseball.

Councillor T Archer, Portfolio Holder for Investment and Companies, presented the report on Project Baseball and explained that full details of the project were set out in the exempt report in the Part 2 section of the agenda. 

RESOLVED that:

a)    the Director of Place, in consultation with the Head of Legal and Governance, the Head of Finance & Assets, the Chair of the Commercial Ventures Executive Sub-Committee and the Executive Members for Place & Economic Prosperity, Finance and Neighbourhood Services be authorised to proceed with the next planned activities associated with the identified opportunity, as referred to in the Part 2 section of this agenda, as a strategic project to support the delivery of the Council’s Corporate Plan objectives.

b)   the pursuance of the planned activities would be funded from the Corporate Plan Delivery Fund in order to support delivery of the Corporate Plan and Investment Strategy, as set out in the Part 2 section of this agenda.

Reason for decision: To support the Council’s Corporate Plan objectives as set out in the exempt Part 2 section of this agenda.

Alternative options: To not authorise the pursuance of the project. This is not the recommended option as it would not support the Corporate Plan objectives.

To undertake actions on behalf of the Council with regard to shareholder / partnership functions for Greensand Holdings Limited; Horley Business Park Development LLP; RBBC Limited; and Pathway for Care Limited.

There were no items to be considered.

To consider any investment opportunities. 

There were no items to be considered.

To consider any property acquisitions and disposals. 

There were no items to be considered.

To review loans, grants or draw down agreements position statement. 

There were no items to be considered.

To consider any item(s) which, in the opinion of the Chair, should be considered as a matter of urgency – Local Government Act 1972, Section 100B(4)(b).

Note: Urgent business must be submitted in writing but may be supplemented by an oral report.

None.

RECOMMENDED that members of the Press and public be excluded from the meeting for the following item of business under Section 100A(4) of the Local Government Act 1972 on the grounds that:

i.              it involves the likely disclosure of exempt information as defined in paragraph 3 of Part 1 of Schedule 12A of the Act; and

ii.            the public interest in maintaining the exemption outweighs the public interest in disclosing the information.

RESOLVED that members of the Press and public be excluded from the meeting for the following item of business under Section 100A(4) of the Local Government Act 1972 on the grounds that:

i.              it involves the likely disclosure of exempt information as defined in paragraph 3 of Part 1 of Schedule 12A of the Act; and

ii.            the public interest in maintaining the exemption outweighs the public interest in disclosing the information.

To consider exempt information in relation to Project Baseball.

RESOLVED that the exempt information in relation to Project Baseball be noted. 

To consider any exempt information in relation to shareholder actions.

There was no exempt business to be considered under this agenda item. 

To consider any exempt information in relation to investment opportunities.

There was no exempt business to be considered under this agenda item. 

To consider any exempt information in relation to property acquisitions and disposals. 

There was no exempt business to be considered under this agenda item. 

To consider any exempt information in relation to loans, grants and drawn down agreements. 

There was no exempt business to be considered under this agenda item.