Issue - meetings

BCP Council is one of two members of the Bournemouth Development Company LLP (BDC).  The Council wishes to make changes to the BDC’s Members Agreement in relation to a) its board members and b) its voting rights.  It is required in the Members Agreement that the Council’s Cabinet approve any changes, before they are considered by the BDC Board.

RESOLVED that:-

(a)          The variation of the Bournemouth Development Company (BDC) Members’ Agreement to allow the Council representatives to act by a majority rather than by a unanimous vote when they are exercising the Council’s vote as a member of BDC; that

(b)          The variation of the Members’ Agreement to require the appointment of three Council representatives and to provide that one of these Council representative is nominated by an opposition group; and that

(c)          Cabinet delegates authority to agree the detailed wording of these changes and to enter into the legal agreement to effect those changes (subject to approval of the other parties to the Members’ Agreement as may be required) to the Chief Executive in liaison with the Council’s Monitoring Officer.

Voting: Unanimous

Portfolio Holder: Regeneration and Culture

Reason

The proposed changes are in the best interests of BCP Council and its residents and ensures that the BDC can continue to progress schemes in an efficient manner.

The Members Agreement requires Cabinet approval before any changes are considered by the BDC Board.

The Portfolio Holder for Regeneration and Culture presented a report, a copy of which had been circulated to each Member and a copy of which appears as Appendix 'M' to these Minutes in the Minute Book.

Cabinet were advised that BCP Council is one of two members of the Bournemouth Development Company LLP (BDC), and that in relation to this the Council wished to make changes to the BDC’s Members Agreement in relation to a) its board members and b) its voting rights.  Further to this Cabinet were informed that it is required in the Members Agreement that the Council’s Cabinet approve any changes, before they are considered by the BDC Board.

RESOLVED that:-

(a)          The variation of the Bournemouth Development Company (BDC) Members’ Agreement to allow the Council representatives to act by a majority rather than by a unanimous vote when they are exercising the Council’s vote as a member of BDC; that

(b)          The variation of the Members’ Agreement to require the appointment of three Council representatives and to provide that one of these Council representative is nominated by an opposition group; and that

(c)           Cabinet delegates authority to agree the detailed wording of these changes and to enter into the legal agreement to effect those changes (subject to approval of the other parties to the Members’ Agreement as may be required) to the Chief Executive in liaison with the Council’s Monitoring Officer.

Voting: Unanimous

Portfolio Holder: Regeneration and Culture