Issue details

This report follows the Cabinet Report of 29 July 2019 which recommended to Full Council that the Council’s Local Property Company (LPC) - Trisanto Development Corporation Limited be closed as it was considered that it was no longer needed having regard to the removal of the borrowing cap on the Housing Revenue Account. However, at Full Council this recommendation was withdrawn in order to give further time to assess the need for the LPC. This report re-evaluates the situation and recommends that the Trisanto Development Corporation be formally closed and appropriate actions taken to give effect to this decision.