Agenda and draft minutes

Strategic Investment Board - Tuesday, 19 January 2021 10.00 am

Venue: MS Teams, Remote Meeting

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

Items
No. Item

1/21

Apologies for Absence

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    To note any apologies for absence.

    Minutes:

    There were none.

2/21

Minutes of the Previous Meeting pdf icon PDF 193 KB

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    To approve the minutes of the meeting held on 20 October 2020.

     

    Minutes:

    The minutes of the meeting held on 20 October 2020 were approved as a correct

    record.

3/21

Declarations of Interest

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    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.

4/21

Questions and Petitions

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    To receive any questions or petitions.

    Minutes:

    There were no questions or petitions.

5/21

Exclusion of the Public

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    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.

6/21

NEXUS PARCEL 3 - DISPOSAL

    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]

    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 Approval is given for an Agreement to Lease the property which be granted to [E-1-21] by the end of March 2021 at the latest with the lease entered into once suitable planning permission is granted to [E-1-21].

    2. That a premium of [E-1-21] be accepted.

    3. That subject to a premium of no less than [E-1-21] being accepted, the Assistant Director Commercial has delegated authority, in consultation with the Cabinet Member for Resources, Director for Land and Property and S151 Officer, to accept a pro rata reduced premium in the event that [E-1-21] S106 &S 278 costs exceed [E-1-21], or to terminate the agreement.

    REASON FOR DECISION:

    The financial offer from [E-1-21] exceeds all other expressions of interest

    received.

    The site is presently vacant, non-income producing and a management liability.

    The provision of a food and drink outlets improves the areas amenities and creates

    value to the adjoining SCC property investments.

    The offer exceeds the SCC book value of [E-1-21] and therefore according to our

    agents Vail Williams, SCC is obtaining Best Value for this disposal.

     

     

7/21

Publicity for Part 2 Items

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    To consider whether the item considered under Part 2 of the agenda should be made available to the Press and public.

     

    Minutes:

    It was agreed that non-exempt information may be made available to the press and public, where appropriate.