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Agenda and draft minutes

Venue: REMOTE

Contact: Huma Younis, Committee Manager  Email: huma.younis@surreycc.gov.uk

Note: Please note that due to the Covid-19 situation this meeting will take place remotely. 

Items
No. Item

7/20

Apologies for Absence

8/20

Minutes of the Previous Meeting pdf icon PDF 69 KB

9/20

Declarations of Interest

    All Members present are required to declare, at this point in the meeting or as soon as possible thereafter

    (i)            Any disclosable pecuniary interests and / or

    (ii)           Other interests arising under the Code of Conduct in respect of any item(s) of business being considered at this meeting

    NOTES:

    • Members are reminded that they must not participate in any item where they have a disclosable pecuniary interest
    • As well as an interest of the Member, this includes any interest, of which the Member is aware, that relates to the Member’s spouse or civil partner (or any person with whom the Member is living as a spouse or civil partner)
    • Members with a significant personal interest may participate in the discussion and vote on that matter unless that interest could be reasonably regarded as prejudicial.

     

    Minutes:

    There were none.

10/20

Questions and Petitions

11/20

Exclusion of the Public

    That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting during consideration of the following items of business on the grounds that they involve the likely disclosure of exempt information under the relevant paragraphs of Part 1 of Schedule 12A of the Act.

     

    Minutes:

    RESOLVED: That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting during conversation of the following items of business on the grounds that they involve the likely disclosure of exempt information under paragraph 3 of Part 1 of Schedule 12A of the Act.

     

12/20

HALSEY GARTON RESIDENTIAL LTD - TRANSFER OF PROPERTIES

    This Part 2 annex contains information which is exempt from Access to Information requirements by virtue of paragraph 3 – Information relating to the financial or business affairs of any particular person (including commercially sensitive information to the bidding companies).

     

    Confidential: Not for publication under Paragraph 3

    Information relating to the financial or business affairs of any particular person (including the authority holding that information)

     

    [The decisions on this item can be called in by the Resources & Performance Select Committee]

    Additional documents:

    Minutes:

    This Part 2 annex contains information which is exempt from Access to Information requirements by virtue of paragraph 3 – Information relating to the financial or business affairs of any particular person (including commercially sensitive information to the bidding companies).

     

    [The decisions on this item can be called in by the Resources & Performance Select Committee]

     

    RESOLVED:

    1. That subject to all legal due diligence and loan agreements being in place for a value of [Exempt Minute E-7-20], the transfer of property to HGR by the end of July 2020 is approved.

     

    1. That a loan of [Exempt Minute E-7-20], of working capital from SCC to HGR is approved.

     

    1. That the appointment of residential managing agents following the completion of a tender process is approved.

     

    Reasons for decision:

    The business case sets out a sound financial basis for undertaking the transfer of 23 Residential Units from SCC to HGR. SCC are undertaking the major refurbishment works currently required which limits the exposure of the Company to unforeseen capital expenditure risk.

     

    SCC is also providing by way of the legal contracts, an indemnity for the Company that in the event unforeseen circumstances arise around Right to Buys, or other such statutory events, those costs or ramifications arising from any such action against the company are underwritten.

     

13/20

Publicity for Part 2 Items

 

  • Updated: 13 Aug 2020

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