Issue - meetings

Report of Councillor A Powell, Portfolio Holder for Housing, Communities and Communications

RESOLVED

That the Council’s companies:

(a)  Homes for North East Derbyshire Limited,

(b)  NE Housing Trading Company Limited, and

(c)   NE Derbyshire Housing Development Company Limited,

be now wound up.

REASONS FOR DECISION

The Companies are not required to ensure the Council’s regeneration and economic development aims are achieved.

OTHER OPTIONS CONSIDERED AND REJECTED

The option of retaining the companies was considered but rejected, as the companies are not required.

Please note that this was not a Key Decision and so can be implemented with immediate effect by officers.

The report to Cabinet recommended that the Council’s Companies: Homes for North East Derbyshire Limited, NE Housing Trading Company Limited and NE Derbyshire Housing Development Company Limited, should now be wound-up or ended. Cabinet was reminded that although the Companies had been established, they had remained dormant. Only the Assistant Director of Governance served on them.

Members was informed that new arrangements had been put in place which had made the Companies unnecessary. In particular, Cabinet noted that an Investment Forum had been established, to deal with regeneration projects and proposals within the Council.  A Partnership Forum had also been established, to deal with the contractual relationship for the Council’s housing stock.

Cabinet discussed the proposals and agreed that it would be appropriate to wind-up or the Companies.

RESOLVED - That the Council’s Companies:

(a)             Homes for North East Derbyshire Limited,

(b)             NE Housing Trading Company Limited, and

(c)              NE Derbyshire Housing Development Company Limited,

be now wound-up.

REASONS FOR DECISION - The Companies are not required to ensure the Council’s regeneration and economic development aims are achieved.

OTHER OPTIONS CONSIDERED AND REJECTED - The option of retaining the companies was considered but rejected, as the companies are not required.