Decision Maker: Council
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
1. The updated Investment Strategy attached at Appendix A to the report of the Interim Director of Finance (subject to the re-ordering of paragraphs 6.2 and 6.3), which includes (i) a range of investment indicators to comply with the Statutory Guidance on Local Government Investments and (ii) the governance arrangements that enable the Council to seek approval for priority investments in a timely manner in response to market conditions.
2. The consequent changes to the Scheme of Delegation to enable the Head of Commercial Development and Investment to progress investment opportunities, including due diligence checks, and to authorise the S151 Officer to submit non-binding offers in line with market practice.
Publication date: 02/12/2019
Date of decision: 28/11/2019
Decided at meeting: 28/11/2019 - Council