Agenda and decisions

Cabinet Sub-Committee - Wednesday, 15th December, 2021 1.00 pm

Venue: Council Chamber - The Guildhall. View directions

Contact: Karen Martin  Tel 023 9284 1704

Webcast: View the webcast

Items
No. Item

1.

Apologies for Absence

Decision:

Apologies were received from Councillor Gerald Vernon-Jackson.  Councillor Hugh Mason was present as his reserve.  Apologies had also been received from Councillor Cal Corkery.  Councillor Judith Smyth was present as his reserve.

 

Councillors Chris Attwell and Jason Fazackarley (Cabinet Members) also made their apologies.

 

2.

Declarations of Interests

Decision:

For transparency, Tristan Samuels, Director of Regeneration, declared a non-prejudicial interest in AI 4 Ravelin Housing Limited, in that he is a director of the Ravelin Group.  No other interests were declared.

3.

The Council as a Company Owner pdf icon PDF 422 KB

Purpose of report

The report outlines:

·       the background to the establishment of the Sub-Committee and recent developments;

·       the Council as a company owner and the role of the Sub-Committee;

·       an outline of the Terms of Reference for the role of the Sub-Committee; and

·       next steps.

 

RECOMMENDED that the Cabinet Sub-Committee

1)    agrees to a Sub-Committee meeting in January 2022 to receive reports from all of the Council's companies and to meet quarterly thereafter;

2)    delegates authority to the City Solicitor to engage with all PCC companies and request relevant reports for the January 2022 meeting; and

3)    authorises the City Solicitor to engage the services of Local Partnerships to provide commercial advice to the Sub-Committee in relation to its companies going forward.

 

Additional documents:

Decision:

DECISIONS - the Cabinet Sub-Committee

 

1) Agreed to recommend to the full Cabinet that the Cabinet Sub-Committee is abolished and its responsibilities including the oversight of all PCC companies and all other future company subsidiaries (where relevant) instead be undertaken by and reported to full Cabinet;

 

2) Delegated authority to the City Solicitor to engage with all PCC companies and request relevant reports be prepared for a future meeting of the full Cabinet; and

 

3) Authorised the City Solicitor to engage the services of Local Partnerships to provide commercial advice to the full Cabinet in relation to its companies going forward.

4.

Ravelin Housing Limited pdf icon PDF 158 KB

Purpose of report

·       to update the committee with progress made by Ravelin Housing Limited (RHL) against their current Business Plan.

 

·       to seek approval of the company's new business plans. Noting the ambition of the company and the need for future growth and investment to support the aspiration.

 

·       this paper builds on previous Cabinet and Full Council decisions taken in February 2019.

 

RECOMMENDED that the Cabinet Sub-Committee

 

1)    approves the new five-year Business Plan and Investment & Development plan as set out in this report, attached at Appendix 1 and 2.

 

2)    notes the progress made on the existing projects, Brewery House conversion and Arundel Street sites, as recorded in the five-year business plan.

 

3)    delegates to the Director of Regeneration, in consultation with the s151 Officer and Monitoring Officer, the authority to approve on behalf of the Council as shareholder, in accordance with the RHL Shareholder Agreement, any matter concerning RHL;

 

"Forming any subsidiary or acquiring shares in any other company or participating in any partnership or incorporated joint venture vehicle"

 

provided that it is in line with the Business Plan approved at 1) above.

 

4)    notes that the sites listed in the development pipeline speak to the aspiration of RHL and that they are not currently in the company's ownership.

 

5)    notes the content of the skills matrix at Appendix 3 and endorses the appointment of Non-Executive Directors (NED's) to Ravelin Housing Limited based on the outcome of the skills assessment contained in the skills matrix.

 

6)    notes the need to appoint to permanent positions within RHL, as noted in the Business Plan and that this would be the subject of a future report, seeking approval to proceed.

 

 

Additional documents:

Decision:

DECISIONS - the Cabinet Sub-Committee

 

1) Approved the new five-year Business Plan and Investment & Development plan as set out in this report, attached at Appendix 1 and 2.

 

2) Noted the progress made on the existing projects, Brewery House conversion and Arundel Street sites, as recorded in the five-year business plan.

 

3) Delegated to the Director of Regeneration, in consultation with the s151 Officer and Monitoring Officer, the authority to approve on behalf of the Council as shareholder, in accordance with the RHL Shareholder Agreement, any matter concerning RHL; "Forming any subsidiary or acquiring shares in any other company or participating in any partnership or incorporated joint venture vehicle" provided that it is in line with the Business Plan approved at 1) above.

 

4) Noted that the sites listed in the development pipeline speak to the aspiration of RHL and that they are not currently in the company's ownership.

 

5) Noted the content of the Skills Matrix at Appendix 3 and endorses the appointment of Non-Executive Directors (NED's) to Ravelin Housing Limited based on the outcome of the skills assessment contained in the skills matrix.

 

6) Noted the need to appoint to permanent positions within RHL, as noted in the Business Plan and that this would be the subject of a future report, seeking approval to proceed.