Decision details
Leader's Urgent Decision - Report on authority required to enter into Access Agreements relating to LBHF Joint Ventures Limited
PDF 88 KBDecision Maker: Leader of the Council
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To approve the debt management framework agreement in place with LBHF Joint Ventures Limited being available for use by other public bodies, and for access agreements between the Council and the public sector body to be put in place each time such access is requested.
Reasons for urgency:
There are a number of local authorities who wish to sign an Access Agreement with the Council in order to purchase ethical debt products from LBHF Joint Ventures Limited. Delays in signing will impact on the income that the Council derives from the LBHF JV Ltd.
Decision:
To approve the debt management framework agreement in place with LBHF Joint Ventures Limited being available for use by other public bodies, and for access agreements between the Council and the public sector body to be put in place each time such access is requested.
Reasons for the decision:
To allow for business to start flowing through the Joint Venture and to support other local authorities to access the ethnical debt approach.
Alternative options considered:
The Council has three options
· Adopt the proposed scheme
· Amend the proposed scheme
· Develop an alternative schem
Urgent item?: Yes
Publication date: 22/10/2018
Date of decision: 22/10/2018
Effective from: 25/10/2018