Agenda and draft minutes

West Devon Invest to Earn Committee
Tuesday, 3rd September, 2019 1.00 pm

Venue: Chamber - Kilworthy Park. View directions

Items
No. Item

1.

Declarations of Interest

Minutes:

IE.1/19            

Members were invited to declare any interests in the items of business to be considered during the course of the meeting but none was made.

 

2.

Exclusion of Public and Press

to consider the following resolution to exclude the public and press:-

 

“That in accordance with Section 100(A)(4) of the Local Government Act 1972, the public and press be excluded from the meeting during consideration of the following items of business in order to avoid the likely disclosure to them of exempt information

as defined in paragraph 3 of Part 1 of Schedule 12A to the Act”;

 

 

Minutes:

IE.2/19

 

RESOLVED

 

That in accordance with Section 100(A)(4) of the Local Government Act 1972, the public and press be excluded from the meeting during consideration of the following item of business as the likely disclosure of exempt information as defined in paragraph 3 of Schedule 12A to the Act is involved.

 

3.

Renewable Energy Investment Decision

Minutes:

IE.3/19            

Members were presented with an exempt report that sought approval of expenditure of up to £40,000 to carry out financial, legal and technical due diligence on the business case for Investment in a Solar Farm, to be funded from the Innovation Fund (Invest to Earn) Earmarked Reserve.

 

The Head of Assets updated Members with an overview of the recent changes to the Commercial Strategy to reflect renewable energy opportunities from the Climate Change agenda.  The opportunity that was the subject of the presented report was a proposition for discussion that met the brief.

                       

He outlined the business case in more detail, and the s151 officer added further detail on the financial aspects. 

 

The Chairman thanked the officers for their comprehensive overview.  The officers then responded to a number of questions of clarity from Committee Members and other Members in attendance.

 

It was then:

 

RESOLVED

 

That expenditure of up to £40,000 (WDBC share) to carry out financial, legal and technical due diligence on the business case for Investment in a Solar Farm, to be funded from the Innovation Fund (Invest to Earn) Earmarked Reserve, be approved.