RESOLVED
That the Investment Opportunities Protocol as set out in appendix one (as amended) to the agenda report together with the Land and Property Sub-Strategy Investment Protocol as set out in appendix two to the agenda report be endorsed.
The committee considered the report circulated with the agenda (copy attached to the official minutes).
Mrs H Belenger, Mr T Jackson and Mr P Harrison attended to take questions. Mr Ward confirmed that New Homes Bonus money had no conditions attached to its use and could be used to fund investments however the use of this reserve would be a matter for Council approval.
Officers confirmed that this Protocol would not impose restrictions on their ability to progress investment opportunities.
RESOLVED
That the committee endorses the
broad principles as set out in Paragraphs 7 to 11 of the report as
an overarching investment opportunities protocol, together with the
Land & Property Sub-Strategy Investment Protocol at Appendix
1.
RECOMMENDED TO CABINET
That the Overarching Investment Opportunities Protocol, together with the Land & Property Sub-Strategy Investment Protocol be approved.