Agenda and minutes

Members are asked to declare any disclosable pecuniary or affected interests in respect of any matter to be considered at this meeting.

Any Member with a Disclosable Pecuniary Interest in a matter should withdraw from the meeting when the matter is under consideration and should notify the Democratic Services Officer in attendance that they are withdrawing as they have such an interest. If the Disclosable Pecuniary Interest is not entered on the register of Members interests the Monitoring Officer must be notified of the interest within 28 days.

Any Member with an affected Interest in a matter must disclose the interest to the meeting and must not participate in discussion of the matter or vote on the matter unless granted a dispensation by the Monitoring officer or by the Governance and Audit Committee. There is no requirement to withdraw from the meeting when the interest is only an affected interest, but the Monitoring Officer should be notified of the interest, if not previously notified of it, within 28 days of the meeting.

To consider and approve the minutes of the meeting of the Executive Committee held on 18 July 2017.

RESOLVED that the minutes of the meeting of the Committee held on 18 July 2017 be approved as a correct record and signed by the Chairman.

The Chairman gave notice that he had agreed to the addition of an item of urgent business to the agenda for the meeting.  The report concerned two further properties for discussion during agenda item 5 which hadn’t been available prior to the meeting.

RESOLVED that pursuant to Regulation 4 of the Local Authorities (Executive Arrangements) (Access to Information) Regulations 2012, and having regard to the public interest, members of the public and press be excluded from the meeting for the consideration of item 5 (minute 13) which involves the likely disclosure of exempt information under the following category of Schedule 12A of the Local Government Act 1972:

(3)        Information relating to the financial or business affairs of any particular person (including the authority).

The Executive considered the report submitted on the item listed below and the decisions taken are recorded in the decision sheets attached to these minutes and summarised below.

To update the Executive Committee on possible investment opportunities previously considered and to highlight further opportunities for consideration.

The Chairman commented that a report on the Commercial Property Investment Strategy and the progress to date had been taken to the Overview & Scrutiny Commission on the 21 September 2017. The feedback had been positive with the Commission praising and expressing their confidence in the strategy.

The report  that had been provided to Overview & Scrutiny Commission was a summary of where the Commercial Property Investment Strategy was to date and contained information that had been previously reported through the Executive Committee. A copy of the summary would be circulated to the executive Committee Members for information.

RESOLVED that:

      i)        progress to date in pursuing possible investment opportunities discussed at the Executive Committee meeting on 18 July 2017 be noted.

     ii)        the investment opportunities identified in the exempt investment tracker attached to the agenda papers as properties 21, 22 and 23 be pursued subject to due diligence being undertaken.