Issue - meetings

Report No:   CAB/SE/15/004

Cabinet Member: David Ray           Lead Officer: Rachael Mann

RESOLVED:
That Option B, as detailed in paragraph 1.2.1 of Report TMS/SE/15/003, be approved. 

The Cabinet considered Report No: CAB/SE/14/004 (previously circulated), which sought approval for a preferred option relating to the timing for undertaking a procurement exercise for the appointment and use of an external fund manager.

Councillor Ray, Portfolio Holder for Resources and Performance drew relevant issues to the attention of the Cabinet, including that following Cabinet’s approval of the Performance and Audit Scrutiny Committee’s recommendation in November 2013, to use both Treasury Management Advisors and External Fund Managers, Report No: CAB/SE/15/004 summarised two potential options on the timing for a procurement exercise for appointment and use of an External Fund Manager, as detailed in Report No: TMS/SE/15/003.

On the recommendation of the Performance and Audit Scrutiny Committee, the Cabinet considered Option B was the most appropriate, which was as follows:

‘A procurement exercise commences during the summer of 2015, allowing for further opportunity to consider the business cases for some potentially significant investment opportunities such as Public Sector Village II, Waste Transfer Site and Investing in Housing within the Borough and the Council’s overall spending plans.’

RESOLVED:

That Option B, as detailed in paragraph 1.2.1 of Report TMS/SE/15/003, be approved.