Agenda, decisions and minutes

Venue: Committee Suite

Contact: Sam Winter, Democratic Services Manager 01553 616327 

Items
No. Item

CAB67

DECLARATIONS OF INTEREST

Please indicate if there are any interests which should be declared.  A declaration of an interest should indicate the nature of the interest (if not already declared on the Register of Interests) and the agenda item to which it relates.  If a disclosable pecuniary interest is declared, the member should withdraw from the room whilst the matter is discussed.

 

These declarations apply to all Members present, whether the Member is part of the meeting, attending to speak as a local Member on an item or simply observing the meeting from the public seating area.

Decision:

Councillor N Daubney had declared a pecuniary interest and did not attend.

Minutes:

Councillor N Daubney had declared a pecuniary interest and did not attend.

CAB68

CHAIRMAN'S CORRESPONDENCE

To receive any Chairman’s correspondence.

Decision:

The Chairman welcomed Mr Kevin Horne, Chief Executive of NWES, who had attended in order to answer any questions from Cabinet.

Minutes:

The Chairman welcomed Mr Kevin Horne, Chief Executive of NWES, who had attended in order to answer any questions from Cabinet.

CAB69

MEMBERS PRESENT UNDER STANDING ORDER 34

To note the names of any Councillors who wish to address the meeting under Standing Order 34.

Decision:

Councillor D Pope attended under Standing Order 34.

Minutes:

Councillor D Pope attended under Standing Order 34.

CAB70

EXCLUSION OF THE PRESS AND PUBLIC

 

The Cabinet is asked to consider excluding the public from the meeting under section 100A of the Local Government Act 1972 for consideration of the item below on the grounds that it involves the likely disclosure of exempt information as defined by paragraph 3 of Part 1 of Schedule 12A to the Act, and that the public interest in maintaining the exemption outweighs the public interest in disclosing the information.

           

PRIVATE ITEM

Details of any representations received about why the following reports should be considered in public will be reported at the meeting.

 

 

Decision:

RESOLVED:               That under Section 100(A)(4) of the Local Government Act, 1972, the press and public be excluded from the meeting for the following item of business on the grounds that it involves the likely disclosure of exempt information as defined in paragraph 3 of Part 1 of Schedule 12A to the Act.

 

Minutes:

RESOLVED:               That under Section 100(A)(4) of the Local Government Act, 1972, the press and public be excluded from the meeting for the following item of business on the grounds that it involves the likely disclosure of exempt information as defined in paragraph 3 of Part 1 of Schedule 12A to the Act.

 

CAB71

LOAN - KING'S LYNN INNOVATION CENTRE (KLIC)

Decision:

 

 

RESOLVED:   1)         That the loan to NWES be approved on the terms outlined in the report.

 

2)         That Councillor R Blunt be appointed to sit on the KLIC Project Steering Group as the Council’s representative.

 

Reason for Decision

 

The Council’s Treasury Management Strategy allows alternative options for investment to be considered where opportunities become available as an alternative to traditional investments subject to a report to Cabinet.

 

Councillor Blunt is appointed in order for the Council to have a representative on the Project Steering Group.

 

Minutes:

 

Cabinet considered a report which requested Members to agree to an advance of funds to Norfolk and Waveney Enterprise Services (NWES) by means of a loan secured on the KLIC building.  The loan was required by NWES to mitigate a cash flow shortfall.

 

Mr Kevin Horne, Chief Executive of NWES attended the meeting and gave the background information on the request and responded to a number of Cabinet Member’s questions on the issue.  Mr Horne left the meeting after the questions were responded to.

 

Under Standing Order 34, Councillor Pope asked a number of questions on the business and financial arrangements of NWES, and the proposed arrangements for the repayment of the loan and the terms of the proposed loan.  These were responded to by Councillor Beales and the Chief Financial Officer. 

 

Cabinet Members debated the issue and the points raised around the terms of the loan and the timeframes involved.

 

It was proposed that Councillor Blunt be appointed as the Council’s representative on the NEWS Project Board

 

RESOLVED:   1)         That the loan to NWES be approved on the terms outlined in the report.

 

2)         That Councillor R Blunt be appointed to sit on the KLIC Project Steering Group as the Council’s representative.

 

 

Reason for Decision

 

The Council’s Treasury Management Strategy allows alternative options for investment to be considered where opportunities become available as an alternative to traditional investments subject to a report to Cabinet.