Decision details

Cabinet received a report of the Group Head of Democracy and Governance which set out proposed revised terms of reference for the Property Investment Board following its request at the Board’s last meeting.

The Mayor invited Councillor Watkin to introduce the report, as he chaired the Property Investment Board.

Councillor Watkin explained that due to changes introduced by the government it was necessary to review the terms of reference for the Property Investment Board.  He informed members about some of the changes being introduced and affecting how and when councils could borrow money.  The proposed changes ensured the Board’s terms of reference reflected the government’s guidance.

The review was welcomed by the Mayor and Councillor Bell.  The Mayor commented how the recent Peer Review team had been positive about the council’s approach.

RESOLVED –

That the Term of Reference set out in Appendix B to the report be approved.