Decision Maker: Sutton Shareholdings Board
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
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.
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