Venue: Chamber - Kilworthy Park. View directions
Contact: Email: Democratic.Services@swdevon.gov.uk
To consider those items which, in the opinion of the Chairman,
should be considered by the Meeting as matters of urgency (if
The Chairman confirmed that he had no items of urgent business for consideration at this meeting
Declarations of Interest
In accordance with the Code of Conduct, Members are invited to declare any Disclosable Pecuniary Interests, Other Registerable Interests and Non-Registerable Interests including the nature and extent of such interests they may have in any items to be considered at this meeting;
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.
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”
It was resolved to exclude the public and press.
Investment Property - End of Year Update and Monitoring Report
After a brief discussion;
It was then:-
RESOLVEDThat the Regeneration and Investment Committee notes the general performance and risks of the investment property portfolio to date and in particular:
1. Notes the current position relating to the two investment properties set out in 1.5 of the report and the actions taken by officers;
2. Delegates authority to the Head of Assets to enter into the Deed of Surrender with the existing tenant of a unit at one of the investment properties.
3. Approves to finance the £50,773 impact of the Income and Expenditure Account in 2022-23 set out in 3.7, through not making a 10% rental income contribution into the Management, Maintenance and Risk Management Earmarked Reserve in 2022-23.