Issue - meetings

To consider key actions to enable the extension of the current arrangements with Compass Point Business Services (“CPBS”). (Report of the Deputy Leader of the Council and the Deputy Leader of the Cabinet enclosed)

Consideration was given to the report of the Deputy Leader of the Council and the Deputy Leader of the Cabinet which sought to gain the Council’s approval for key actions to enable the extension of the current arrangements with Compass Point Business Services (“CPBS”)

The Portfolio Holder for Growth and Commercialisation introduced the report. The Council had stated in the previous year that it would provide CPBS with a further period to present its proposals for transformation. Now that these had been presented, consideration could be given to the future contractual arrangements.

DECISION:

That, subject to the Leader approving those elements that are executive functions

1)    the Joint Venture Shareholder Agreement between the Council, CPBS and East Lindsey District Council (“ELDC”) and associated contractual documents be terminated, and amended contracts entered into in accordance with the Heads of Terms set out in Appendix B to the report;

2)    the initial Transformation Plan submitted by CPBS and attached at Appendix A to the report be approved, subject to refinement and the approval of individual business cases in accordance with the principles set out at Appendix B to the report;

3)    the Council agrees to invest 37% of the costs in assisting CPBS to meet its transformation plans to a maximum of £555,000 subject to (i) ELDC investing the remaining 63% of those costs; and (ii) CPBS producing individual business cases for each strand of its Transformation Plan, in accordance with the principles set out in Appendix B, to the satisfaction of both councils;

4)    authority to approve or reject individual business cases for each element of the Transformation Plan be delegated to the Executive Director of Strategy and Governance, in consultation with the Deputy Leader of the Council and the Deputy Leader of the Cabinet; and

5)    delegated authority be granted to the Executive Director of Strategy and Governance, in consultation with the Deputy Leader of the Council and the Deputy Leader of the Cabinet, to determine (i) the date that the existing Joint Venture Shareholder Agreement and associated contract documents are terminated and the new contract documents entered into; and (ii) the final terms and conditions of the revised Joint Venture Shareholder Agreement and associated contract documents having regard to the Heads of Terms at Appendix B to the report.