Agenda and decisions

The Cabinet:

1.1.         Noted the current position on the development of the Medium-Term Financial Strategy and the next steps.

1.2.         Noted the feedback from the Overview and Scrutiny Committee meeting on 4 October 2022

The Cabinet:

1.1.         Approve that Lichfield District Council award a contract to LWMTS to deliver DFGs and associated works/services from 1st April 2023 without undertaking a competitive tender process in reliance of the 'Teckal' exemption.

1.2.         Delegated authority to the Cabinet Member for Housing, Ecology and Climate Change in consultation with the Chief Executive and Monitoring Officer to agree the final arrangements/service structure and governance with LWMTS.

1.3.         Agreed to carry out a formal review of the service once launched after 6 months, 12 months and then annually thereafter with a performance report being considered by Overview & Scrutiny Committee and Cabinet

The Cabinet:

1.1.         Endorsed the revised Terms of Reference for the Staffordshire Leaders’ Board (as attached at Appendix A of the Cabinet report).

1.1  That Cabinet agreed and recommended to Council that:

a) Lichfield District Council enter a joint venture Limited Liability Partnership (LLP) with Evolve Estates(subject to any issues identified in relation to financial standing and independent valuation of theDebenham’s building being satisfactorily addressed) for the purposes of developing a new cinemaand associated food and beverage units in the former Debenhams store on the Three Spires retailsite.

b) Delegated authority be granted to the Leader and Chief Executive Officer to finalise the details ofthe LLP in consultation with the Monitoring Officer and S151 Officer subject to financialimplications remaining within the budget framework recommended for approval below.

c) To approve the Leader and Chief Executive being the Council’s representatives on the LLP board.

d) The Medium-Term Financial Strategy is updated to include:

• A budget in the Capital Programme for the Joint Venture loan advance totalling £5,349,000 (including £400,000 being funded by the UKSPF).
• To fund the capital investment through UKSPF funding of (£400,000), the capital receiptfrom the sale of Venture House of (£850,000) (an increase from the Review of ReservesReport recommendation of (£650,000) and the strategic priorities earmarked reserve of(£4,099,000).
• A BRS enabling works budget of £1,070,000 (a reduction from the Review of ReservesReport recommendation of £2,000,000) funded by the strategic priorities earmarkedreserve of (£1,070,000).
• At this stage, the Revenue Budget will be based on a budget neutral (no surplus or deficit isincluded) position until the projections included in this report have been reviewed. Any future changes following independent review will be reported in line with the Council’s budget monitoring and any budget approvals will be in line with the budget framework.

RESOLVED: “That as publicity would be prejudicial to the public interest by reason of the confidential nature of the business to be transacted, the public and press be excluded from the meeting for the following items of business, which would involve the likely disclosure of exempt information as defined in Paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972”

IN PRIVATE