Agenda and minutes

Members will disclose any pecuniary and any other significant interests they may have in relation to the matters to be considered at this meeting.

None.

To confirm as a correct record the minutes of the previous meeting of Cabinet.

The minutes of the previous meeting of Cabinet were confirmed as a correct record.

To receive and respond to any questions from members of the public.

Public questions can be delivered in writing to Democratic Services or sent by email to: democratic.services@wyre.gov.uk. Public questions for this meeting must be received by noon on Thursday 10 January 2019. Questioners should provide their name and address and indicate to which Cabinet member the question is to be directed.

The total period of time allocated for public questions will not normally exceed 30 minutes.

None

Report of the Resources Portfolio Holder and Chief Executive

The Resources Portfolio Holder and Chief Executive submitted a report asking Cabinet to give the Service Director Performance and Innovation (SDP&I) delegated authority to make investment decisions in consultation with the Resources Portfolio Holder.

Decision

Cabinet agreed:

·         to give the SDP&I delegated authority to make investment decisions up to £1,000,000 in consultation with the Resources Portfolio Holder.

·         to establish an Investment Board to support the SDP&I to achieve the appropriate checks and balances. The Board will consist of the SDP&I, Head of Finance (S.151 Officer) and Senior Solicitor (Deputy Monitoring Officer) and will meet as and when a commercial opportunity arises that requires a timely decision. A report to the Board from the Head of Built Environment will set out the proposal, its associated risks and the financial and legal implications. Any business case for a commercial opportunity will therefore require the approval of the S.151 Officer and the Senior Solicitor. The remainder of Corporate Management Team, not represented on the Board, will also be consulted on any investment opportunities and all could deputise for the SDP&I in their absence. The Board will take into account the Medium Term Financial Plan, the Capital Programme, the emerging Capital Strategy and any relevant Treasury Management Policies and Procedures. All decisions must be in line with the aforementioned documents.

·         to establish a Property Investment Fund from general balances of £1,000,000 and a one-off revenue budget of £30,000 to be earmarked to fund upfront costs.

·         that the Council’s Constitution be updated to accommodate the recommendations above.

Report of the Resources Portfolio Holder and Head of Finance

The Resources Portfolio Holder and Head of Finance submitted a report to agree the latest Capital Budget 2018/19 and the Capital Programme for the financial year 2019/20 onwards.

Decisions

Cabinet approved the latest Capital Budget for 2018/19 and the Capital Programme for 2019/20 onwards, subject to the confirmation of disabled facilities grant at the levels assumed.

Cabinet agreed that the financial implications of the Capital Budget and future Capital Programme, following the third quarter review (April to end December 2018), be reflected in the draft Revenue Estimates which will be considered by Cabinet at their meeting on 13 February 2019 and be subject to approval by Council at the meeting on 7 March 2019.

The Chief Executive has determined that the report submitted under item 8 of this agenda is “Not for Publication” because it contains “exempt information”, as defined in Schedule 12A of the Local Government Act 1972. If Cabinet agrees that the public and press should be excluded for this item, it will need to pass the following resolution: “That the public and press be excluded from the meeting whilst agenda item 8 is considered, on the grounds that their presence would involve the disclosure of exempt information as defined in category 3 (Information relating to the financial or business affairs of any particular person (including the authority holding that information)) of Part 1 of Schedule 12(a) of the Local Government Act, 1972, as amended by the Local Government (Access to Information) Variation Order 2006 and, that the public interest in maintaining the exemption outweighs the public interest in disclosing the information”.

The Chief Executive had determined that the report submitted under item 8 of this agenda was “Not for Publication” because it contained “exempt information”, as defined in Schedule 12A of the Local Government Act 1972 and Cabinet agreed that the public and press should be excluded for the next item.

Report of the Resources Portfolio Holder and Head of Finance

The Resources Portfolio Holder and Head of Finance submitted a report advising members of proposed new lease terms in a deed of variation following negotiations to recommence tipping at the site.

Decision

Cabinet approved the proposed Heads of Terms as amended by the Deed of Variation for the Jameson Road Landfill Site from the granting of planning permission up to the expiry of the current lease (ends 31 December 2027).