Report of the Executive Director of Place and the Executive Director, Resources is TO FOLLOW

Contact Mark Barrow Tel: 01743258919 / James Walton.  Tel. 01743 258915

It was proposed by Councillor Gwilym Butler, Portfolio Holder for Finance, Corporate Resources and Communities and seconded by Councillor Dean Carroll, Portfolio Holder for Housing and Assets that the report of the Executive Director of Place and the Executive Director, Resources, a copy of which is attached to the signed minutes and the recommendations contained therein, be received and agreed.

On being put to a recorded vote with 40 Members voting for, 16 against and 2 abstentions as follows:

FOR:

Councillors Aldcroft, Anderson, Bagnall, Bardsley, Barrow, Biggins, Bird, Broomhall, Burchett, Butler, Carroll, Charmley, Connolly, Dartnall, Elner, D Evans, Gittins, Halliday, Harris, Hignett, Hunt, Hurst-Knight, M Jones, S Jones, Lea, Luff, Lumby, Macey, Morris, Motley, Mullock, Nellins, Pardy, Picton, Schofield, Thomas, Tindall, Wild, B Williams and Wynn

AGAINST:

Councillors Bentick, Davies, Dean, R Evans, Green, Hartin, Houghton, Kerr, Minnery, Parry, Sherrington, Taylor, Vasmer, Wagner, M Williams and Wilson

ABSTAIN:

Councillors J Evans and Towers

It was RESOLVED:

That Council

Having considered feedback from Transformation and Improvement Overview and Scrutiny Committee on 9^th September 2024,

3.1          Approves the principle of the Income Strip proposal to raise a receipt in the current financial year.

3.2          Delegates to the Executive Directors of Place and Resources in consultation with Portfolio Holders for Assets, Highways and Traffic Management, and Resources to decide on the exact number and exactly which carparks will make up the income strip portfolio.

3.3          Delegates to the Executive Directors of Place and Resources in consultation with Portfolio Holders for Assets, Highways and Traffic Management, and Resources to conclude the income strip proposal as set out in this report and conclude the necessary contractual arrangements. To do so, Officers will be required to undertake all necessary due diligence before any sale is concluded, not limited to obtaining advice from External Audit, specialist legal advice, and specialist financial advice. If any of that advice presents unacceptable risks in the view of the Assistant Director - Legal and Governance and/or the Council’s Section 151 Officer (Executive Director of Resources), considering the evolving financial context of the Council, the Section 151 Officer/CFO is required to cease the arrangements and not to let the contract. The result of approval being given to this report will be to enable the full process for procurement of an income strip arrangement and conclusion of the contract arising from that to be conducted by officers up to and including the receipt of funds arising from the sale and inclusion of the resulting revenue pressure into budget plans for coming years.