Agenda and decisions

Commercial Ventures Executive Sub-Committee - Thursday, 17th September, 2020 6.30 pm

Venue: Remote - Virtual Meeting. View directions

Contact: Democratic Services (01737 276182)  Email: Democratic@reigate-banstead.gov.uk

Media

Items
No. Item

1.

Apologies for absence

To receive any apologies for absence.

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Decision:

There were no apologies for absence.

2.

Declarations of interest

To receive any declarations of interest.

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3.

Minutes of the previous meeting pdf icon PDF 344 KB

To approve the minutes of the previous meeting as a correct record.

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4.

Shareholder Actions - Greensand Holdings Limited pdf icon PDF 248 KB

To undertake actions on behalf of the Council with regard to shareholder functions for Greensand Holdings Limited.

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Decision:

RESOLVED that:

i.         the Greensand Holdings Limited’s Directors’ Report and Audited Financial Statements for the year ended 31 December 2019 be received;

ii.        the re-appointment of Kreston Reeves LLP as auditor for Greensand Holdings Limited for the year to 31 December 2020 be approved;

iii.       for the auditor appointed to Greensand Holdings Limited in (ii) above, the Directors of the Greensand Holdings Limited be authorised to fix the auditors’ remuneration for the year to 31 December 2020;

iv.       the departure of John Jory as Director of the Company with effect from 31 July 2020 be noted;

v.        the appointment of Councillor R Michalowski as a Director of Greensand Holdings Limited be approved and the appointment be confirmed in writing to the Company; and

vi.       Councillor T Archer be authorised to sign on behalf of the shareholder, RBBC, the shareholder ordinary resolution confirming i. to v above.

5.

Shareholder Actions - Horley Business Park Development LLP pdf icon PDF 250 KB

To undertake actions on behalf of the Council with regard to partnership functions for Horley Business Park Development LLP.

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Decision:

RESOLVED that:

i.         the Horley Business Park Development LLP’s Annual Report and Financial Statements for the year ended 31 December 2019, set out in the exempt Part 2 section of this agenda, be received;

ii.        the departure of John Jory as the RBBC Board Representative from the LLP be noted;

iii.       Councillor T Archer be authorised to name the appointees to the role of Board Representatives for Horley Business Park Development LLP to replace John Jory and John Reed and confirm these appointments in writing to Horley Business Park Development LLP.

iv.       the RBBC Board Representatives, authorised to approve the re-appointment of Moore Kingston Smith LLP as auditor for Horley Business Park Development LLP for the year to 31 December 2020; and

v.        for the auditor appointed to Horley Business Park Development LLP in (iv) above, the RBBC Board Representatives, when appointed, be authorised to fix the auditors’ remuneration for the year to 31 December 2020, as set out in the exempt Part 2 of the agenda.

6.

Shareholder Actions - Pathway for Care Limited pdf icon PDF 240 KB

To undertake actions on behalf of the Council with regard to shareholder functions for Pathway for Care Limited.

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Decision:

RESOLVED that:

i.         Pathway for Care Limited’s Annual Report and Unaudited Financial Statements for the year ended 31 July 2019, be received and confirmation from Pathway for Care Limited that provision has been made for the repayment of the £1.1 million preference shares by April 2023 be requested;

ii.        the departure of John Jory as Director of the Company be noted; and

iii.       Councillor V Lewanski be appointed as Director of Pathway for Care Limited as a replacement for John Jory and the appointment be confirmed in writing to Pathway for Care as set out in the exempt Part 2 section of the agenda.

7.

Exempt Business

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.

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8.

Redhill, Lease Arrangements

9.

Shareholder Actions - Greensand Holdings Limited - EXEMPT

To consider the exempt information in relation to Shareholder Actions for Greensand Holdings Limited.

10.

Shareholder Actions - Horley Business Park Development LLP - EXEMPT

To consider the exempt information in relation to Shareholder Actions for Horley Business Park Development LLP.

11.

Shareholder Actions - Pathway for Care Limited - EXEMPT

To consider the exempt information in relation to Shareholder Actions for Pathway for Care Limited.

12.

Any other business

To consider any other urgent business.

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