Councillors and committees

Agenda and draft minutes

Venue: Council Chamber, Woodhatch Place,11 Cockshot Hill, Reigate, Surrey ,RH2 8EF

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

Media

Items
No. Item

22/23

Apologies for Absence

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    To note any apologies for absence.

    Additional documents:

    Minutes:

    There were none.

23/23

Minutes of the Previous Meeting: 24 July 2023 pdf icon PDF 102 KB

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    To agree the minutes from the last meeting.

     

    Additional documents:

    Minutes:

    These were approved.

24/23

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.

     

    Additional documents:

    Minutes:

    There were none.

25/23

Questions and Petitions

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    To receive any questions or petitions.

     

    Additional documents:

    Minutes:

    There were none.

26/23

Strategic Investment Board Annual Report 2022/23 pdf icon PDF 123 KB

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    The Strategic Investment Board is asked to endorse its Annual Report for 2022/23 prior to its submission to Cabinet on 30 January 2024.

     

     

     

    Additional documents:

    Minutes:

    The report was introduced by the Leader who explained that the Strategic Investment Board had been set up in 2019 and had the responsibility of reviewing the financial performance of its trading companies. The purpose of the Board was to safeguard the Council’s interest as a shareholder and to take decisions in matters that required the approval of the Council as owner of a company. The Leader explained that the council’s trading companies were under regular review.

     

    The Leader explained that there had been changes to the Public Works Loan Board (PWLB) lending rules which meant tighter rules around Councils taking on additional borrowing to invest purely for commercial gain. It was explained that the council had not purchased investment properties in recent times and the properties within the current portfolio had been purchased years ago. The Leader gave a short update on each of its trading companies.

     

    The Deputy Leader queried if there were any plans to expand the trading companies or take on new companies. The Leader stated that there were no specific plans on expansion but rather the focus would be to streamline and simplify the companies to ensure they operate smoothly and are effective.

     

    RESOLVED:

     

    1.    That the Strategic Investment Board endorse the 2022/23 Annual Report and agree for this to be presented to Cabinet on 30January 2024.

    Reasons for Decisions:      

     

    To inform the Council about the activities of the Strategic Investment Board.

     

    The Strategic Investment Board has been established in accordance with best practice governance to ensure effective oversight and alignment with the strategic objectives and values of the Council.

     

27/23

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.

     

    Additional documents:

28/23

Strategic Investment Board Annual Report 2022/23

    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 the authority holding that information).

    Additional documents:

    Minutes:

    A separate confidential Part 2 minute was done for this item.

     

    RESOLVED:

     

    1.    That the Strategic Investment Board endorse the 2022/23 Annual Report and agree for this to be presented to Cabinet on 30January 2024.

    Reasons for Decisions:      

     

    To inform the Council about the activities of the Strategic Investment Board.

     

    The Strategic Investment Board has been established in accordance with best practice governance to ensure effective oversight and alignment with the strategic objectives and values of the Council.

     

     

29/23

Brightwells Yard, Farnham - Variation to Development Agreement

    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 the authority holding that information).

    Additional documents:

    Minutes:

    A separate confidential Part 2 minute was done for this item.

     

    RESOLVED:

     

    1.    See Exempt Minute [E-20-23]

     

    2.    See Exempt Minute [E-20-23]

     

    3.    3. See Exempt Minute [E-20-23]

     

    4.    That SIB grants delegated authority to the Director of Land & Property to provide approval to enter into any legal documentation necessary to facilitate the approval sought in this report.

     

    Reasons for Decisions:

     

    See Exempt Minute [E-20-23]

     

30/23

Potential Disposal of L2, L3 and L4 (known as Nexus House), Gatwick Road, Crawley

    This Part 2 report 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 the authority holding that informatiion).”

    Additional documents:

    Minutes:

    A separate confidential Part 2 minute was done for this item.

     

    RESOLVED:

     

    1.    See Exempt Minute [E-21-23]

     

    Reasons for Decisions:

     

    See Exempt Minute [E-21-23]