Agenda and draft minutes

To receive any apologies or substitutions for the meeting.

There were no apologies.

To confirm as a true and correct record and sign the minutes of the Cabinet Shareholder Group meeting held on 26 March 2024.

The minutes of the meeting held on 26 March 2024 were received for consideration, and it was,

Resolved:

To approve and sign the minutes as a true and correct record.

To receive any declarations of disclosable interests or dispensations granted by the Standards Committee or Monitoring Officer.

There were no declarations.

To receive any announcements from the Leader.

There were no announcements.

The Council welcomes contributions from members of the public.

This meeting is open to the public, who may ask a question or make a statement. Questions may also be asked by members of the Council.

Written notice of questions or statements should be submitted to Democratic Services at committee@wiltshire.gov.uk by 12.00 noon on Wednesday 19 June 2024.

No statements or questions were received.

Any other items of business, which the Leader agrees to consider as a matter of urgency.

There were no urgent items.

This is to give further notice in accordance with paragraph 5 (4) and 5 (5) of the Local Authorities (Executive Arrangements) (Meetings and Access to Information) (England) Regulations 2012 of the intention to take the following item in private.

To consider passing the following resolution:

To agree that in accordance with Section 100A(4) of the Local Government Act 1972 to exclude the public from the meeting for the business specified in Item Number 8 because it is likely that if members of the public were present there would be disclosure to them of exempt information as defined in paragraph 3 of Part I of Schedule 12A to the Act and the public interest in withholding the information outweighs the public interest in disclosing the information to the public.

Reason for taking item in private:

Paragraph 3 - information relating to the financial or business affairs of any particular person (including the authority holding that information).

It was,

Resolved:

To agree that in accordance with Section 100A(4) of the Local Government Act 1972 to exclude the public from the meeting for the business specified in Minute Number 65 because it is likely that if members of the public were present there would be disclosure to them of exempt information as defined in paragraph 3 of Part I of Schedule 12A to the Act and the public interest in withholding the information outweighs the public interest in disclosing the information to the public.

To consider further the Stone Circle Development Company Business Plan following comments at the last meeting.

The Shareholder Group received a report detailing further amendments made to the Stone Circle Housing Company Business Plan following the meeting of the group on 26 March 2024 and the comments and recommendations made at that meeting. This was introduced by Nick Samuels, Chairman of the Stone Circle Housing Company and Stone Circle Development Company.

This had included details relating to rent increases in years when Local Housing Authority rates were not increased, acquisition of further properties, removal of repayment scenarios, and inclusion of sale of assets as part of the long-term strategy. The financial and projection impacts of the changes on the portfolio were detailed.

The group discussed the changes and the business plan as a whole, including tax implications from releasing properties, the council acting as funder of last resort, ongoing work with developers and agents, problems with the national and local renters market, and potential options to increase or maintain sustainability of the company.

There was also discussion of the development company, and progress building out the current sites with planning permission.

At the conclusion of discussion, it was,

Resolved:

To note the changes to the Stone Circle Housing Company Business Plan 2024/25.