Agenda and draft minutes

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Items
No. Item

31.

Welcome and Introduction

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Minutes:

The Chair welcomed Members, Officers and members of the public to the meeting, and informed the Committee of the sad passing of Councillor Andy Corkhill and Honorary Alderman Gerry Ellis. A moment of silence was held.

32.

Apologies

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Minutes:

Apologies for absence were received from Councillors Max Booth and Samantha Frost.

33.

Members Code of Conduct - Declarations of Interests

Members are asked to consider whether they have any disclosable pecuniary interests and/or any other relevant interest in connection with any item(s) on this agenda and, if so, to declare them and state the nature of the interest.

 

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Minutes:

Members were asked to declare any disclosable pecuniary interests and any other relevant interest and to state the nature of the interest.

 

No declarations were made.

34.

Public and Members Questions

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Minutes:

The Chair reported that no questions from either members of the public or Members had been submitted. Nor were there any statements or petitions to receive.

35.

EXEMPT INFORMATION - EXCLUSION OF THE PRESS AND PUBLIC

The following item contains exempt information

 

RECOMMENDATION: That, under section 100 (A) (4) of the Local Government Act 1972, the public be excluded from the meeting during consideration of the following item of business on the grounds that it involves the likely disclosure of exempt information as defined by paragraph 3 of Part I of Schedule 12A (as amended) to that Act. The Public Interest test has been applied and favours exclusion.

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Minutes:

Resolved – That, under section 100 (A) (4) of the Local Government Act 1972, the public be excluded from the meeting during consideration of the following items of business on the grounds that they involve the likely disclosure of exempt information as defined by paragraph 3 of Part I of Schedule 12A (as amended) to that Act. The Public Interest test has been applied and favours exclusion.

36.

CHILDREN'S RESIDENTIAL TRANSFORMATION PROGRAMME pdf icon PDF 201 KB

Additional documents:

Minutes:

Anne-Marie Carney, Children’s Commissioning Manager introduced the report which requested approval for a financial investment of £1,000,000 by way of a commercial loan to support the development of up to four new children’s homes in Wirral. Members were informed of the background to the project, alongside an update on the main developments since it was last reported to the Committee in June 2021.

 

The Committee discussed the report in detail and several members sought clarification on the risks associated with the loan. The Director of Children, Families and Education responded accordingly.

 

Resolved – That Policy and Resources Committee be recommended to:

 

1)  approve the issue of a commercial loan facility to We Are Juno CIC, in terms approved by the Director of Resources, in consultation with the Director of Law and Governance, as set out in section 5 of the report, in the sum of up to £1,000,000.

2)  authorise the Director of Resources, in consultation with the Director of Law and Governance, to:

 

a)  settle and perfect such security for the performance of the borrower’s obligations under the commercial loan facility as is offered by We Are Juno CIC to the Council; and

b)  agree such minor variations in the terms of the commercial loan facility as are necessary to reflect any changes in circumstances arising during the term of any loan agreed, including any security pursuant to recommendation 2(a) above.