That:-
(1)a ‘vehicle’ is set up as detailed in paragraphs 2.8 – 2.11 of the report;
(2)the detailed operation of the “vehicle” be determined following an assessment of the strategic, legal and operational arrangements;
(3)stakeholder and community consultation take place on the operation of a “vehicle” and its broader potential;
(4)the Chief Executive is appointed as the Director of the ‘vehicle' and that the Deputy Chief Executive manages the relationship from the Council’s perspective; and
(5)an application be made for “admitted body status” to the North Yorkshire Pension Fund for the new ‘vehicle’.

To ensure the VAT partial exemption position remains below the threshold and also to mitigate any risk of the Council potentially breaching the threshold in the near future

None