Meeting Details

Revolving Investment Fund Committee
4 Nov 2020 - 18:00
Occurred

Please follow this link to follow the meeting live on You Tube:-

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If you wish to make representations to the Cabinet under the "Have Your Say" provisions at this meeting, please complete the form via the following link: Have Your Say form no later than 12 noon the working day before the meeting.

For more information about having your say, please see the guidance at the following page on our website:

http://https//colchester.cmis.uk.com/colchester/HaveYourSay.aspx

  • Documents
  • Attendance
  • Visitors
  • Declarations of Interests

Documents

Agenda

Part A
Live Broadcast

Please follow this link to watch the meeting live on YouTube:

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To appoint a Chairman of the Revolving Investment Fund Committee for the 2020-21 municipal year.
98

RESOLVED that Councillor King be appointed as Chairman of the Revolving Investment Fund Committee for the 2020-21 municipal year.

 

To appoint a Deputy Chairman of the Revolving Investment Fund Committee for the 2020-21 municipal year.
99

RESOLVED that Councillor J. Young be appointed as Deputy Chairman of the Revolving Investment Fund Committee for the 2020-21 municipal year.

 

3 Welcome and Announcements (Virtual Meetings)
The Chairman will welcome members of the public and Councillors to the meeting and remind those participating to mute their microphones when not talking. The Chairman will invite all Councillors and Officers participating in the meeting to introduce themselves. The Chairman will, at regular intervals, ask Councillors to indicate if they wish to speak or ask a question and Councillors will be invited to speak in turn by the Chairman. A vote on each item of business will be taken by roll call of each Councillor and the outcome of each vote will be confirmed by the Democratic Services Officer.
4 Urgent Items
The Chairman will announce if there is any item not on the published agenda which will be considered because it is urgent and will explain the reason for the urgency.
5 Substitutions
Councillors will be asked to say if they are attending on behalf of a Committee member who is absent.
6 Declarations of Interest
Councillors will be asked to say if there are any items on the agenda about which they have a disclosable pecuniary interest which would prevent them from participating in any discussion of the item or participating in any vote upon the item, or any other pecuniary interest or non-pecuniary interest.
7 Minutes of Previous Meeting
The Committee will be invited to confirm that the minutes of the meeting held on 13 November 2019 are a correct record.
100

RESOLVED that the minutes of the meeting held on 13 November 2019, including the not for publication extract, be confirmed as a correct record.

 

8 Have Your Say! (Virtual Meetings)
Members of the public may make representations to the meeting.  Each representation may be no longer than three minutes (500 words).  Members of the public may register their wish to address the meeting by registering online by 12.00 noon on the working day before the meeting date. In addition a written copy of the representation will need to be supplied for use in the event of unforeseen technical difficulties preventing participation at the meeting itself. 
The Committee will receive a report providing an update on Revolving Investment Fund (RIF) funded schemes.  It shows that good progress is being made in delivering the programme.
101
The Assistant Director Place and Client Services, submitted a report a copy of which had been circulated to each Member. 

Councillor Higgins, Portfolio Holder for Commercial Services, introduced the report.  In particular she highlighted the redevelopment of the former Jacks building.  The archaeological remains which had been uncovered in the course of the works would be displayed at the Roman Circus centre. The digital strategy work would have a major positive impact on businesses in the town centre. 

Andrew Tyrrell, Client and Business Manager, and Paul Smith, Group Commercial Director, Colchester Commercial Holdings Ltd, provided an update on the Northern Gateway Sports Park.  Despite the very challenging circumstances caused by the Covid 19 pandemic through the year, construction work was well advanced and is due to complete in November. As a consequence of the effect of the pandemic on the market and on construction processes, a decision had been taken to delay the opening of the sports park to the public to 22 March 2021. Partners and the sports clubs and organisations who were involved in the project had been kept informed.  Highways works were also progressing and there was confidence that the Boxted Road and Severalls Lane works would be open to give pedestrian, cycle and equine access to the site.  The works at junction 28 of the A12 were ongoing and would be completed by the longstop date of April 2021, but this would not compromise the opening of the Sports Park in March 2021.

It was stressed that the Sports Park would be a facility of regional significance for elite sports but would also be suitable for use for day to day activities by local residents.  It would be a fully accessible site.  It was funded through a combination of Homes Infrastructure funding, contributions from sports bodies and through the development of the Northern Gateway South site. 

In response to queues from members of the Committee it was confirmed that a planning application is being made in respect of the signage for the site.  The key issues that would need to be considered in respect of this would be public amenity and highway safety.  The signage would also link to the wider Northern Gateway to direct customers to sustainable transport networks.  Members stressed the importance of signage, and marketing, in promoting the site and raising public awareness of the facilities on offer.  It would also help build anticipation for the opening of sports park.  

Members of the Committee expressed its thanks to officers for their work in bringing forward such a valuable asset for the borough.  The Committee also requested an update on the project be brought to Leadership Team in due course.

The Group Commercial Director also provided an update on the Northern Gateway South project.  This was pivotal to the success of the Sports Park.  It would provide a medical centre, care village, 350 new houses of which 30% would be affordable, significant commercial floor space, an innovative heat network and “The Walk”. It would link up with the Rapid Transit System and other sustainable transport links.

Members of the Committee highlighted how the scheme addressed the Council’s key strategic priorities.  It contributed to the work on sustainability and addressing the climate emergency, together with priorities on health, the provision of homes (particularly affordable homes) and the development of safe and vibrant communities.  The scheme also showed the value of the Council acting as a developer as it could ensure that development addressed strategic priorities.  The scheme also demonstrated why the Council had received two significant national awards: Best Commercial Council at the Municipal Journal awards and Entrepreneurial Council of the Year at the Local Government Chronicle awards. 

The Committee stressed its appreciation for the work involved in bringing forward the Northern Gateway schemes in such a difficult year and noted the external recognition of the quality of the work provided by officers of the Council and its commercial companies.  It asked that its thanks be formally recorded.

Members of the Committee noted the progress with the town centre schemes. The potential benefits from the Town Deal bid were highlighted.  If the bid was successful it  was anticipated that the funding would unlock investment up to £100 million in Colchester.

Members of the Committee also noted the financial information contained in the Assistant Director’s report and stressed the value of the Revolving Investment Fund in generating income.  Whilst a number of the schemes were shown as amber on the RAG scale, this was a consequence of the impact of Covid and schemes were progressing well.  Paul Cook, Head of Finance, confirmed that work was underway to reset the capital programme early in 2021 to ensure high level investment to promote recovery and the delivery of high quality services. 

RESOLVED that:-

(a) The contents of the Assistant Director’s report be noted.

(b) The Committee’s thanks to officers of the Council and Colchester Commercial Holdings Ltd and its subsidiaries for their work in developing high quality schemes and projects in such difficult circumstances, and for securing prestigious national awards, be formally recorded.

REASONS

To monitor this important element of the Council’s capital programme.

ALTERNATIVE OPTIONS

No alternative options were presented to the Committee.
 
The Committee will receive a verbal update on the progress of the Northern Gateway Sports Park.
Reports to Follow
11 Exclusion of the Public (Cabinet)
In accordance with Section 100A(4) of the Local Government Act 1972 and in accordance with The Local Authorities (Executive Arrangements) (Meetings and Access to Information) (England) Regulations 2012 to exclude the public, including the press, from the meeting so that any items containing exempt information (for example personal, financial or legal advice), in Part B of this agenda (printed on yellow paper) can be decided. (Exempt information is defined in Section 100I and Schedule 12A of the Local Government Act 1972).
Publication and Call In Arrangements
Date Published 5 November 2020

Date when decisions may be implemented(unless ‘called in’) 5pm 12 November 2020 

All decisions except urgent decisions, those subject to pre-scrutiny and those recommended to Council may be subject to the Call-in Procedure.  

Requests for the scrutiny of relevant decisions by the Scrutiny Panel must be signed by at least ONE Councillor AND FOUR other Councillors to countersign the call-in form OR to indicate support by e-mail.  All such requests must be delivered to the Proper Officer by no later than 5pm on Thursday 12 November 2020. 
 
Part B
To approve the not for publication extract from the minutes of the meeting on 13 November 2019.
  1. RIF 131119 - not for publication extract
    • This report is not for publication by virtue of paragraph 3 of Part 1 of Schedule 12A to the Local Government Act 1972 (financial / business affairs of a particular person, including the authority holding information).

Attendance

Name
No other member attendance information has been recorded for the meeting.
NameReason for Sending ApologySubstituted By
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NameReason for AbsenceSubstituted By
No absentee information has been recorded for the meeting.

Declarations of Interests

Member NameItem Ref.DetailsNature of DeclarationAction
No declarations of interest have been entered for this meeting.

Visitors

Visitor Information is not yet available for this meeting