Decision details

Creation of Design and Build Development Subsidiary of Sutton Living Limited

Decision Maker: Sutton Shareholdings Board

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To agree proposals for establishing a separate Development Subsidiary of Sutton Living Limited

Decisions:

Councillor Garratt arrived at the outset of the item at 18.34.

 

Mike Kirk, Director of Sutton Living briefly presented the report.

 

RESOLVED: that

1.    Sutton Living Limited establish a Design and Build Development Subsidiary (“Sutton Living Design and Build Limited”) for the purposes of VAT recovery be agreed.

2.    Authority to finalise the appropriate company structure and put in place all necessary contractual and governance arrangements be delegated to the Shareholder Representative, or their nominee, in consultation with the Chair of the Shareholdings Board.

Report author: Simon Latham

Publication date: 25/02/2019

Date of decision: 05/02/2019

Decided at meeting: 05/02/2019 - Sutton Shareholdings Board

Accompanying Documents: