Agenda and decisions

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Venue: Council Chamber - Council Offices, London Road, Saffron Walden, CB11 4ER

Contact: Democratic Services  Email: committee@uttlesford.gov.uk

Items
No. Item

1.

Apologies for Absence and Declarations of Interest

To receive any apologies for absence and declarations of interest.

2.

Minutes of the Previous Meeting pdf icon PDF 95 KB

To consider the minutes of the meeting held on 5 February 2020.

3.

Questions or Statements from Non-Executive Members of the Council (standing item)

To receive questions or statements from non-executive members on matters included on the agenda.

5.

Consideration of reports from overview and scrutiny committees (standing item)

To consider any reports from overview and scrutiny committees.

8.

Outside Bodies' Appointment

To appoint Cllr LeCount to the Stansted Airport Community Trust.

Decision:

RESOLVED to nominate Councillor LeCount as Uttlesford District Council’s appointment to Stansted Airport Community Trust.

9.

Energy and Climate Change Working Group - Terms of Reference pdf icon PDF 54 KB

To amend the Energy and Climate Change Working Group’s Terms of Reference approved by Cabinet in September 2019 in light of the Green Party Group’s formation and the Youth Council’s request to participate in meetings of the Working Group.

Decision:

RESOLVED to adopt the revised Terms of Reference for the Energy and Climate Change Working Group as appended to the report.

10.

Budget Outturn Forecast - Quarter 3 pdf icon PDF 282 KB

To consider the Budget Outturn - Quarter 3 report.

Decision:

RESOLVED to approve the General Fund, Housing Revenue Account and Capital Programme outturn forecast position and the updated use of reserves.

11.

Exemption of Public and Press

Consideration of a report containing exempt information within the meaning of section 100I and paragraph 3 part 1 Schedule 12A Local Government Act 1972.

12.

Investment Opportunities 3 and 4

To consider Investment Opportunities 3 and 4.

 

The Investment Board is meeting on Thursday, 27 February and its comments and recommendations will inform the ‘Investment Opportunities 3 and 4’ report that is to be considered by Cabinet.

 

Therefore, the report is to follow and expected to be circulated on Friday, 28 February. The report and appendices to be considered by the Investment Board have been attached for information.

 

Decision:

RESOLVED to endorse the conclusions of the Investment Board and that:

 

a.    The property purchases as set out are agreed:

 

i.               Investment Opportunity 3, up to the sum of £21,500,000

ii.              Investment Opportunity 4, up to the sum of £7,000,000

 

b.    The funding ratio is on an 80% interest only and 20% repayment basis.

 

c.     The purchase costs are capitalised.

 

d.   The purchases are made as a direct investment by Uttlesford District

Council.

 

e.    To authorise the Director of Finance and Corporate Services in

consultation with the Leader and Portfolio Holder for Finance and

Budget to conclude the acquisition; subject to recommendation f.

 

f.      To request Council to endorse the purchases and to authorise the

necessary borrowing.

 

g.    The income generated in 2020/21 is allocated to funding the actions,

including climate change, contained in the 2020/21 Corporate Plan

Delivery Plan.