Issue - meetings

To consider a report of the Cabinet Member for Finance & Resources.

The report makes a recommendation for a new loan facility for fleet at Totally Local Company Ltd (TLC). This new loan, along with consideration of leasing will enable the Environmental Services Strategy which is currently being devised.

(NOTE: An appendix to this report contains information ‘Not for Publication’ that has been circulated to members of the Cabinet only).

The Cabinet is recommended to:

(1) Approve the provision of a loan facility to TLC to implement the Environmental Services Strategy with the terms of individual tranches, together with a financial appraisal, delegated to the Assistant Director, Finance/Deputy S151 Officer in consultation with the Cabinet Member for Finance & Resources.

(2) Delegate extensions to the value of the facility to the Assistant Director, Finance/Deputy S151 Officer in consultation with the Cabinet Member for Finance & Resources.

Officer contact: Jonathan Davies on 0161 218 1025 or email jonathan.davies@stockport.gov.uk

The Cabinet Member for Finance & Resources (Councillor Jilly Julian) submitted a report (copies of which had been circulated) detailing proposals for a new loan facility for fleet at Totally Local Company Ltd (TLC). This new loan, along with consideration of leasing will enable the Environmental Services Strategy which is currently being devised.

(NOTE: An appendix to this report contained information ‘Not for Publication’ that has been circulated to members of the Cabinet only).

RESOLVED - (1) That approval be given to the provision of a loan facility to TLC to implement the Environmental Services Strategy with the terms of individual tranches, together with a financial appraisal, delegated to the Assistant Director, Finance/Deputy S151 Officer in consultation with the Cabinet Member for Finance & Resources.

(2) That authority to make extensions to the value of the facility be delegated to the Assistant Director, Finance/Deputy S151 Officer in consultation with the Cabinet Member for Finance & Resources.

To consider a report of the Deputy Chief Executive.

The report makes a recommendation for a new loan facility for fleet at Totally Local Company Ltd (TLC). This new loan, along with consideration of leasing will enable the Environmental Services Strategy which is currently being devised.

(NOTE: An appendix to this report contains information ‘Not for Publication’ that has been circulated to members of the Scrutiny Committee only).

The Scrutiny Committee is recommended to comment on the report.

Officer contact: Jonathan Davies on 0161 218 1025 or email jonathan.davies@stockport.gov.uk

The Deputy Chief Executive submitted a report (copies of which had been circulated) making a recommendation for a new loan facility for fleet at Totally Local Company Ltd (TLC). This new loan, along with consideration of leasing will enable the Environmental Services Strategy which was currently being devised.

The following comments were made/ issues raised:-

·         Members commented that the priority was gully cleansing and environmental responsibility.

·         The operational efficacy of the vehicles had been considered, including environmental considerations.

(NOTE: Appendices to this report contained information ‘Not for Publication’ that had been circulated to members of the Scrutiny Committee only).

RESOLVED – That the report be noted.