TREASURY MANAGEMENT ISSUE (SPECIAL URGENCY)
Additional documents:
Decision:
1. The Local Government Association and its legal representatives be authorised to represent the Council in negotiations on the basis set out in the Part 2 report submitted with all options and prices to be considered when this information is made available to the Council.
2. Authority be delegated to the Chief Finance Officer, in consultation with the Leader, the Cabinet Member for Business Services and the Monitoring Officer, to make a final decision with regard to the selection of the interested third party and the terms of the deal that is constructed with that party.
Reason for decision
To enable the council to fully consider the available options and secure the best outcome.
[The decisions on this item were taken under the Special urgency procedure as they could not reasonably be deferred and come into immediate effect.]
Minutes:
The Cabinet considered a matter relating to treasury management. This item was considered under the Special urgency procedure, having obtained the agreement of the Chairman of the Council Overview & Scrutiny Committee, as a decision could not reasonably be deferred. The report on this item had been circulated in Part 2 of the agenda as it contained information exempt from Access to Information requirements by virtue of paragraph 3 – information relating to the financial or business affairs of any particular person.
RESOLVED that:
1. The Local Government Association and its legal representatives be authorised to represent the Council in negotiations on the basis set out in the Part 2 report submitted with all options and prices to be considered when this information is made available to the Council.
2. Authority be delegated to the Chief Finance Officer, in consultation with the Leader, the Cabinet Member for Business Services and the Monitoring Officer, to make a final decision with regard to the selection of the interested third party and the terms of the deal that is constructed with that party.
Reason for decision
To enable the council to fully consider the available options and secure the best outcome.