Cabinet will be asked to:

·       Approve the proposed governance structure aimed at ensuring that the Council’s interests are protected.

·       Note the total impact on the MTFS of the Council’s participation in three housing development joint ventures (Beam Park Rainham, Bridge Close, 12 HRA sites) and of Mercury Land Holdings, approval to which is sought separately in the individual Cabinet papers on each. 

That Cabinet:

1.    Noted the Chief Executive’s proposed changes to the Councils senior management structure.

2.    Approved the Governance structure and arrangements described in section 6 of this Report.

3.    Agreed to delegate to the Leader, after consultation with the Chief Executive, the appointment of the Council’s officer nominees to represent the Council on the three JVLLP boards.

4.    Agreed to delegate to the Leader, after consultation with the Chief Executive, any future changes to the appointment of nominees to represent the Council on the JVLLP boards or as its directors on the Mercury Land Holdings Limited board.

5.    Agreed to indemnify its nominees to the JV LLP Boards (once the JVLLPs are set up) and the directors of Mercury Land Holdings Limited under the Local Authorities (Indemnities for Members and Officers) Order 2004.

6.    Noted the budget implications of these changes as detailed in section 10 of this report, and that they are reflected in the Council Medium Term Financial Strategy for agreement in the February Council Tax setting meetings.