79 TRAFFORD'S APPROACH TO DEVELOPING A PORTFOLIO OF INVESTMENT OPPORTUNITIES PDF 193 KB
To consider a report of the Deputy Chief Executive.
Minutes:
The Deputy Chief Executive submitted a report which set out the proposed approach to securing and developing investment opportunities to generate sustainable income streams to support the Council’s revenue budget. In discussion, a query was raised regarding the remuneration of the proposed specialist adviser; and support was expressed for using the Council’s resources in support of projects which would contribute to regeneration within the borough.
RESOLVED –
(1) That the approach set out in the report be noted and approved.
(2) That the intention to begin a tender exercise to secure an expert investment adviser be noted and approved.
(3) That the intention to explore the establishment of a Trafford Property Company and to secure the relevant expert advice be noted.
(4) That it be noted that a further report would be brought back to the Executive, with an update on progress, and seeking approval for an investment strategy and appropriate vehicle.