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West Devon Regeneration and Investment Committee |
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Minutes of a meeting of the West Devon Regeneration and Investment Committee held on Tuesday, 2nd May, 2023 at 9.30 am at the Chamber - Kilworthy Park
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Present: |
Councillors:
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Chairman Cllr Edmonds Vice Chairman |
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Cllr Cheadle
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Cllr Ratcliffe |
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In attendance: |
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Councillors:
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Cllr Mott(via Teams) Cllr Yelland (via Teams) Cllr Heyworth (via Teams) |
Cllr Southcott Cllr Crozier |
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Officers: Section 151Officer Director Place & Enterprise (via Teams) Monitoring Officer (via Teams) Principal Estates Surveyor (via Teams) Head of Assets (via Teams) Senior Democratic Services Officer
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4. Urgent Business
*RE.4/22
The Chairman confirmed that he had no items of urgent business for consideration at this meeting
5. Declarations of Interest
*RE.5/22
Members were invited to declare any interests in the items of business to be considered during the course of the meeting, but there were none made.
6. Exclusion of Public and Press
*RE.6/22
It was resolved to exclude the public and press.
7. Investment Property - End of Year Update and Monitoring Report
*RE.7/22
After a brief discussion;
It was then:-
RESOLVED That the Regeneration and Investment Committee notes the general performance and risks of the investment property portfolio to date and in particular:
1. Notes the current position relating to the two investment properties set out in 1.5 of the report and the actions taken by officers;
2. Delegates authority to the Head of Assets to enter into the Deed of Surrender with the existing tenant of a unit at one of the investment properties.
3. Approves to finance the £50,773 impact of the Income and Expenditure Account in 2022-23 set out in 3.7, through not making a 10% rental income contribution into the Management, Maintenance and Risk Management Earmarked Reserve in 2022-23.
The Meeting concluded at 10.09 am
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Signed by:
Chairman |
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