Issue details
Commercialisation of Beach Hut Assets through Special Purpose Vehicle (SPV) Wholly or Majority Owned by the Council
PDF 111 KBTo present options for approval for
transferring in-scope beach hut assets across to an SPV subsidiary
created by the Council as parent company.
Decision type: Key
Reason Key: Expenditure > £500,000;
Decision status: Recommendations Approved
Notice of proposed decision first published: 01/04/2022
Decision due: 7 Sep 2022 by Cabinet
Decision due: 13 Sep 2022 by Council
Lead member: Portfolio Holder for Finance and Transformation (to 27/02/2023)
Lead director: Chief Operations Officer
Contact: Chris Saunders, Acting Service Director Destination & Culture Email: chris.saunders@bcpcouncil.gov.uk.
Consultation process
Engagement through communications with Beach
Huts Associations and attendance at Beach Hut Association
AGM's.
Consultees
Beach Hut Associations
Agenda items
- 20/07/2022 - Corporate and Community Overview and Scrutiny Committee (Renamed Overview and Scrutiny Board 29/09/2023) Commercialisation of Beach Hut Assets through Special Purpose Vehicle (SPV) Wholly or Majority Owned by the Council 20/07/2022
Documents
- Commercialisation of Beach Hut Assets through Special Purpose Vehicle (SPV) Wholly or Majority Owned by the Council