West Devon Regeneration and Investment Committee

 

Minutes of a meeting of the West Devon Regeneration and Investment Committee held on

Tuesday, 6th September, 2022 at 9.00 am at the Chamber - Kilworthy Park

 

 

Present:

Councillors:

 

 

Chairman Cllr Edmonds

Vice Chairman  

 

 Cllr Cheadle

 

 

 

In attendance:

 

 

Councillors:

 

 

 Cllr Ball

Cllr Jory

 

Officers:

Section 151 Officer

Director- Place & Enterprise

Democratic Services Manager

 

 

 

 

 

<AI1>

1.                            Urgent Business

RE.1/22

The Chairman confirmed that he had no items of urgent business for consideration at this meeting.

 

 

</AI1>

<AI2>

2.                            Declarations of Interest

RE.2/22      

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.

 

 

</AI2>

<AI3>

3.                            Investment Property Update and Monitoring Report

RE.3/22      

The Committee considered a report that set out the performance of the Council’s investment property portfolio to date and the risks associated therewith looking forward.

 

In discussion, reference was made to:-

 

(a)  potential opportunities to expand upon the Council’s investment property portfolio.  When questioned, officers confirmed that, whilst it was a challenge to find appropriate opportunities that complied with the Council’s adopted Regeneration and Investment Strategy, they did continue to closely monitor the situation.  In recognition of the role that could be played by local Ward Members and the potential opportunities that may arise from renewable energy, it was PROPOSED and SECONDED and when put to the vote declared CARRIED that:

 

‘The Council’s investment property portfolio be included as a discussion item at a future Informal Council session.’

 

(b)  the performance of the portfolio.  The Committee wished to put on record its thanks to officers for the excellent performance of the investment property portfolio.

 

It was then:

                

RESOLVED

 

1.   That the performance and risks of the investment property portfolio to date be noted; and

 

2.   That the Council’s investment property portfolio be included as a discussion item at a future Informal Council session.

.

 

</AI3>

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The Meeting concluded at 9.30 am

 

 

 

 

Signed by:

 

 

 

 

 

Chairman

 

 

 

 

 

 

 

 

 

 

 

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