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 type: Key
Reason Key: Expenditure/Income over £5m & policies or new income, reserves use, overspend over £300K;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 15/10/2018
This decision will be taken under urgency procedures.
Reason 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.
Anticipated restriction: Fully exempt - View reasons
Report access: Exempt;
Report Type: Key Decision;
Decision due: Before 26 Oct 2018 by Leader of the Council
Lead member: Cabinet Member for Finance and Reform
Lead director: Strategic Director of Social Care
Department: Public Services Reform Department
Contact: Clare O'Connor Email: Clare.O'Connor@lbhf.gov.uk Tel: 07825024506.
Reason No Public Access: PRIVATE This report is exempt from disclosure on the grounds that it contains information relating to the financial or business affairs of a particular person (including the authority holding that information) under paragraph 3 of Schedule 12A of the Local Government Act 1972, and in all the circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information.