Cabinet considered the report and RESOLVED (unanimous) to:
1. Note the ESPO Joint Cabinet Committee’s recommendation, following its meeting of 20 September 2017, to establish a new trading company ‘ESPO Trading Limited’;
2. Approve the establishment of a new trading company, ‘ESPO Trading Limited’ on the basis outlined in this report; and
3. Authorise the Chief Executive in consultation with the s151 Officer and Monitoring Officers to sign and complete on behalf of the Council such indemnities, agreements and documentation as she shall be required to enable the Council to become a shareholder in ESPO Trading Ltd.
Decision type: Key
Decision status: Recommendations Approved
Notice of proposed decision first published: 12/10/2017
Decision due: 20 Nov 2017 by Cabinet
Lead member: Cabinet Member for Growth, Planning, Housing and Economic Development
Lead director: Executive Director Place and Economy
Contact: Amy Brown, Senior Lawyer and Deputy Monitoring Officer 01733 452617, Email: amy.brown@peterborough.gov.uk Email: amy.brown@peterborough.gov.uk Tel: 01733 452617.
Relevant Scrutiny Committee: Growth, Environment and Resources