Issue - meetings
Update Report on Establishing Joint Venture Partnerships
Meeting: 11/07/2019 - Council (Item 25)
25 UPDATE REPORT ON ESTABLISHING JOINT VENTURE PARTNERSHIPS 
PDF 100 KB
An update report on the establishment of joint venture (JV) LLP partnerships with other local authorities for the purpose of delivering local housing developments and maintaining a pipeline of sites for development by the Council’s housing development company, Aequus Developments Limited (ADL).
:
Additional documents:
Minutes:
The Council considered an update report on the establishment of joint venture (JV) LLP partnerships with other local authorities for the purpose of delivering local housing developments and maintaining a pipeline of sites for development by the Council’s housing development company (ADL).
On a motion from Councillor Richard Samuel, seconded by Councillor Dine Romero, it was
RESOLVED
1. To note the latest legal advice; and
2. To approve the proposed change to the original JV partnership arrangements to clarify both the legal power being used and its purpose for entering into JV LLP arrangements with neighbouring councils.
[Notes;
1. The above resolution was carried with 45 Councillors voting in favour and 9 Councillors abstaining.]
: