Decision details

Following the appointment of Osborne Property Services Limited (OPSL) for the repairs, maintenance and investment contract, to seek approval to establish a trading partnership with OPSL, as set out in their Final Call for Tender submission.

(a)  That it be agreed that officers build a business case and structure for the Trading Partnership, in conjunction with OPSL.

(b)  That it be noted that the Trading Partnership is likely to be established as a company limited by shares, with the Council holding  49% of the shares and OPSL 51%.

(c)  That the Head of Neighbourhood Services, as Contract Administrator for the RMI Contract, with the s151 Officer, be delegated authority to establish a project team to progress the realisation of the proposed company structure – costs to be met from within existing resources.

(d)  That it be agreed that an appropriately worded legal agreement be drawn up between the Council and OPSL in respect of the utilisation of the retained 1-4-1 RTB receipts where appropriate; with the agreement of the s151 Officer.

(e)  That it be noted that an update report on the Trading Partnership be presented to Cabinet by December 2017, which would be supported by a detailed business plan and indicative programme.