Meeting documents

The Cabinet received a report which sought approval for the business plan produced by Consilio Property Limited.

On 19 July 2017, the Council agreed to the establishment of a local authority trading company to allow the Council to exercise the power to trade contained in the Local Government Act 2003 and the Localism Act 2011 to facilitate income generation.  Consilio Property Limited was subsequently registered on 15 September 2017.  South Bucks District Council, as shareholder, was required to approve the Consilio Business Plan before Consilio could start trading.

In the discussion which followed, the Cabinet whilst in support of the Business Plan and recognising that it essentially dealt with the needs of the company in its initial period of operation, were of the opinion that a statement regarding contingency arrangements around material delays in securing dedicated professional resource and professional advisers should be added to the "Other Matters" section of the Business Plan.

Having considered the Consilio Business Plan, attached as Appendix A, the Cabinet accordingly

RESOLVED that

1)     the Consilio Business Plan, as detailed in Appendix A, be approved with the addition of the statement in the "Other Matters" section of the Business Plan regarding contingency arrangements around material delays in securing dedicated professional resource and professional advisers; and

2)     authority be delegated to the Director of Resources to agree minor changes to the Consilio Business Plan in consultation with the Leader of the Council.

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