Decision details

Sutton Living performance update

Decision Maker: Sutton Shareholdings Board

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decisions:

The Interim Managing Director presented the report which updated the committee on Sutton Living Performance.

 

Members asked questions in relation to the interest rate and whether it was accurate to say it was required to be realistic or relative to the market. Officers advised a key consideration was that state aid requirements were not breached. Research was currently being conducted as to the level other London Councils, with similar development companies, were setting.

 

Resolved

 

That the performance update set out in section 3 of the report, along with actions proposed to deliver projects by the Company, be noted.

 

Report author: Simon Latham

Publication date: 26/06/2017

Date of decision: 14/06/2017

Decided at meeting: 14/06/2017 - Sutton Shareholdings Board

Accompanying Documents: