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Agenda and draft minutes

Items
No. Item

1.

Declarations of interest

Minutes:

There were no declarations of interest at the meeting.

2.

Minutes

To agree as a true record the minutes of the meeting held on 17 September 2021.

Supporting documents:

Minutes:

The minutes of the meeting held on 17 September 2021 were agreed as a true record of the meeting.

3.

Otterpool Park LLP - Updated Business Plan 2022

To receive and consider the first annual update of the strategic business plan.

 

To receive an update on Stewardship proposals.

Minutes:

The Managing Director presented the updated Business Plan, drawing attention to the update on the property market, the Infrastructure Strategy and Land Disposal Strategy.

 

The Managing Director then responded to various questions. He advised that in terms of the criteria for assessing commercial bids for land, price and quality will be key factors.  He also confirmed that an initial 25 units had been identified for self-build, but it was anticipated that there would be a larger number over the lifetime of the project.  In terms of providing housing for older residents this would likely be addressed though larger scale house builders or partners and include a range of different options.

 

4.

Finance and resourcing

To receive an update on the 2021-22 budget.

To receive an update on staff resources.

Minutes:

The Senior Accountant outlined the Otterpool Park LLP finance headlines.

 

The Director for Corporate Services confirmed she had no concerns.

 

Members noted the update.

5.

Governance Framework

To receive an update on:

  • Strategic Land Agreement
  • Funding Agreement(s)

Minutes:

The Director of Place gave an update on the Strategic Land Agreement, and advised that it would be formally signed the following month. 

 

The Director of Corporate Services then gave an update on the Funding agreements (examples of which had been included in the agenda pack).  She advised that there were a number of technical finance questions presently being reviewed ahead of completing the agreements, but this was not holding up progress with the work of the LLP.

 

Members noted the updates.

6.

Strategic Risk Register

To note and review the latest update to the Strategic Risk Register (with attention to risks that have been reviewed / re-profiled).

 

Minutes:

Members noted the latest update to the Strategic Risk Register.

7.

Any other business

1. Engagement with Homes England

2. Cabinet Secretary Visit 24th November 2021

3. KCC Members’ Tour - Spring 2022

Minutes:

·       Engagement with Homes England

 

The Managing Director gave an update and advised that engagement was ongoing in relation to development and potential funding. An outline joint venture offer received from Homes England had not been taken further as the terms were not agreeable.

 

·       Cabinet Secretary Visit 24 November 2021

 

The Director of Place gave an update following the visit by the Cabinet Secretary, Simon Case. Informal feedback had been positive.

 

·       KCC Members’ Tour

 

The Leader advised that discussions had taken place around inviting KCC Members to visit the development.

 

·       Stewardship

 

The Director of Place advised that a report setting out a defined framework for Stewardship would be coming before Cabinet in April, and would include detail on establishing a stewardship body, assets to be included in the stewardship plan and an overview of funding and charges.