Decision details

Decision details

Declaration of Dividend from OCH(D)L of £3m

Decision Maker: Leader - Partnership Working

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This decision is required in order for the Council to receive a dividend of £3m from OCH(D)L

Reasons for the decision:

The Leader of the Council, as Shareholder of OCH(D)L, is required to make a decision to accept or not accept the dividend of £3million

 

Alternative options considered:

The Council could choose not to accept the £3million being declared by the Company although that would create a financial whole in the Councils finance which would need to be funded from alternative resources.

Publication date: 02/05/2025

Date of decision: 02/05/2025

Effective from: 09/05/2025

Accompanying Documents: