Issue - meetings
Review Of The Proposed Investment In Property Funds
Meeting: 29/10/2020 - Audit and Governance Committee (Item 65)
65 Review Of The Proposed Investment In Property Funds 
PDF 576 KB
(Report of the Executive Director, Finance)
Minutes:
The Executive Director Finance presented the report on the review the proposed investment in property funds. Following questions and debate, Councillor J Faulkner proposed an amendment to the recommendation that no further investment in property funds be undertaken until a review in Spring 2021 to include a commitment that no new investments are made under existing delegations until after the review is completed. This amendment was moved by Councillor J Faulkner and seconded by Councillor C Cooke.
Following a vote, the motion was not carried.
|
RESOLVED |
That Members;
|
|
|
recommended to Cabinet that the planned investments in property funds be deferred, with a review during Spring 2021 when the situation should be clearer, to inform future investment plans |
(Moved by Councillor S Pritchard and seconded by Councillor M Bailey)
