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.