Issue - meetings

Finance and Resources

To review the activity of Valley Housing Ltd in 2021/22 and receive an updated business plan for 2022/23 to 2024/25.

Resolved:

1.  That the Directors’ annual report, as shown in Annex 1 to the report, be noted.

2.  That the updated Business Plan for 2022/23 to 2024/25, as shown in Annex 2 to the report, be approved.

3.  That the Head of Property and Asset Management be appointed as a director of Valley Housing Ltd.

Consideration was given to a report of the Finance and Resources Portfolio Holder which presented the directors’ report on the activity of the company in the 202/22 financial year and updated its business plan for 2022/23 to 2024/25.

The company’s property portfolio had increased to twenty-three properties during the year. It was recommended that a third director, the Head of Property and Asset Management, be appointed to the company board.

Having considered the options and for the reasons set out in the report, Cabinet agreed to the following:

Resolved:

1.  That the Directors’ annual report, as shown in Annex 1 to the report, be noted.

2.  That the updated Business Plan for 2022/23 to 2024/25, as shown in Annex 2 to the report, be approved.

3.  That the Head of Property and Asset Management be appointed as a director of Valley Housing Ltd.