Issue - meetings

The purpose of the report by the Director of Housing & Property is to seek approval for the formation of an arm's length trading company for the purpose of delivering energy and engineering services to a wide range of external organisations, and capable of operating as a provider of district heat and power. The company will seek to increase income to the council through an appropriate commercial and legal framework.

The appendices to this report are exempt.

RECOMMENDED that the Cabinet approves the following recommendations:

(1)  To instruct the City Solicitor, in conjunction with the Leader of the Council and the Cabinet Member for Resources, to form an arms-length energy and engineering services company as a group company under a wholly owned holding company, and capable of delivering and operating district heat and power schemes, as described in the Appendices to this report.

(2)  That the City Solicitor, the Director of Finance and Section 151 Officer, in conjunction with the Leader of the Council and the Cabinet Member for Resources, be authorised to enter into such company constitutional documents and service and supply agreements with the company as are required by the company for its operation, and for the Council/holding company to most effectively manage its operation.

The Cabinet gave approval:

(1)       To instruct the City Solicitor, in conjunction with the Leader of the Council and the Cabinet Member for Resources, to form an arms-length energy and engineering services company as a group company under a wholly owned holding company, and capable of delivering and operating district heat and power schemes, as described in the Appendices to this report.

(2)       That the City Solicitor, the Director of Finance and Section 151 Officer, in conjunction with the Leader of the Council and the Cabinet Member for Resources, be authorised to enter into such company constitutional documents and service and supply agreements with the company as are required by the company for its operation, and for the Council/holding company to most effectively manage its operation.