Agenda and decisions

Commercial Ventures Executive Sub-Committee
Thursday, 7th November, 2019 6.30 pm

Venue: Executive Meeting Room - Town Hall. View directions

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

Items
No. Item

1.

Minutes pdf icon PDF 200 KB

To confirm as a correct record the Minutes of the Commercial Ventures Executive Sub-Committee held on 5 September 2019.

Decision:

RESOLVED that the minutes of the Commercial Ventures Executive Sub-Committee meeting held on 5 September 2019 be approved as a correct record.

2.

Apologies for absence

To receive any apologies for absence.

Decision:

Apologies for lateness were received from Councillor T Archer.

Clerk’s Note: Councillor M A Brunt, Vice Chair of the Commercial Ventures Executive Sub-Committee, took the Chair for the meeting.

3.

Declarations of interest

To receive any declarations of interest.

Decision:

None.

4.

Creation of a Housing Association pdf icon PDF 189 KB

To consider the creation of a Housing Association.

Additional documents:

Decision:

RESOLVED that

(i)         the Head of Legal and Governance be authorised to complete and file the necessary paperwork to establish a CBS for the purpose of becoming a housing association; and

(ii)        the Head of Legal and Governance be authorised to take the necessary steps to establish the CBS as an arm’s length company through an appropriate company structure in consultation with the Members of the Commercial Ventures Executive Sub-Committee.

5.

Acquisition of Property in Redhill East pdf icon PDF 184 KB

To consider the acquisition of a property in Redhill East.

Additional documents:

Decision:

RESOLVED that the acquisition of the leasehold of the properties and associated delegations and use of funding were not authorised.

6.

Companies Performance Update, Autumn 2019 pdf icon PDF 207 KB

To consider an update on the performance of Council companies.

Additional documents:

Decision:

RESOLVED that the 17 October 2019 Companies Performance Update, as set out in this report, and the observations from the Overview and Scrutiny Committee from its meeting of 17 October 2019 be noted.

7.

Shareholder Actions

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

7a

Greensand Holdings Limited Shareholder Consent Matter pdf icon PDF 162 KB

Additional documents:

Decision:

RESOLVED that the increase in Greensand Holdings Limited borrowing limit be approved by signing the shareholder written resolution, as set out in the accompanying exempt report in the Part 2 section of the agenda.

8.

Investment Opportunities

To consider any investment opportunities.

9.

Property Acquisitions and Disposals

To consider any property acquisitions or disposals.

10.

Loans, Grants and Draw Down Agreements

To review loans, grants or draw down agreements.

11.

Any Other Urgent Business

To consider any item(s) which, in the opinion of the Chairman, 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).

12.

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.

13.

Creation of a Housing Association (Exempt) pdf icon PDF 189 KB

To consider exempt information in relation to the creation of a Housing Association.

Additional documents:

Decision:

RESOLVED that the exempt information in relation to the Creation of a Housing Association report be noted.

14.

Acquisition of Property in Redhill East (Exempt)

To consider any exempt information in relation to the acquisition of a property in Redhill East.

 

Decision:

RESOLVED that the exempt information regarding the acquisition of property in Redhill East was noted. 

15.

Companies Performance Update, Autumn 2019 (Exempt)

To consider any exempt information in relation to the Companies Performance Update.

 

Decision:

RESOLVED that the exempt information in relation to the Companies Performance Update report be noted.

16.

Shareholder Actions (Exempt)

To consider any exempt information in relation to shareholder actions.

16a

Greensand Holdings Limited Shareholder Consent Matter (Exempt)

Decision:

RESOLVED that the exempt information in relation to the Greensand Holdings Limited Shareholder Consent Matter report be noted.

17.

Investment Opportunities (Exempt)

To consider any exempt information in relation to investment opportunities.

Decision:

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

18.

Property Acquisitions and Disposals (Exempt)

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

Decision:

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

19.

Loans, Grants and Draw Down Agreements (Exempt)

To consider any exempt information in relation to investment opportunities.

Decision:

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