Councillor Susan Brown sent apologies. Councillor Turner chaired the meeting in her absence.

None.

If the SJVG wishes to exclude the press and the public from the meeting during consideration of any of the items on the exempt from publication part of the agenda, it will be necessary for the SJVG to pass a resolution in accordance with the provisions of Paragraph 4(2)(b) of the Local Authorities (Executive Arrangements) (Access to Information) (England) Regulations 2012 on the grounds that their presence could involve the likely disclosure of exempt information as described in specific paragraphs of Schedule 12A of the Local Government Act 1972.

The SJVG may maintain the exemption if and so long as, in all the circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information.

The Shareholder and Joint Venture Group passed a resolution in accordance with the provisions of Paragraph 4(2)(b) of the Local Authorities (Executive Arrangements) (Access to Information) (England) Regulations 2012 to exclude the press and members of the public on the grounds that Oxford City Council, Town Hall, St Aldate’s, Oxford OX1 1BX their presence could involve the likely disclosure of exempt information as described in specific paragraphs of Schedule 12A of the Local Government Act 1972.

The Group is asked to consider any comments or recommendations submitted by the Finance and Performance Working Group (of the Scrutiny Committee) in relation to the substantive items on the agenda or in respect of other issues the Working Group considers appropriate to raise.

The SJVG received a written report from the Finance and Performance Panel which provided overviews on several distinct areas outlined within the update report from OxWed and recommendations from the Panel.

The SJVG discussed the report in private session.

The SJVG noted the contents of the report.

The Director of Law, Governance, and Strategy and the Group Finance Director submitted commentaries on reports relating to OX Place.

The SJVG received written reports from the Group Finance Director and the Director of Law, Governance, and Strategy, which provided overviews on several distinct areas outlined within the reports from OX Place.

The SJVG discussed the reports in private session.

The SJVG noted the contents of the reports.

 Update to the Shareholder and Joint Venture Group – OxWed

Shareholder is recommended to:

-       To note the contents of this report.

The directors of OxWed had submitted a report to provide the SJVG with an update into the activities of the company.

The SJVG discussed the report in private session.

The SJVG noted the contents of the report.

Present for this part of the meeting:

Kevin Minns, Managing Director, OxWed

Report of: Tim Bacon, OX Place Interim Head of Development 

Executive Summary 

The report provides an update on development related activities on a scheme-by-scheme basis. An outline of the key risks and issues affecting the programme is also provided. 

The Shareholder and Joint Venture Group is Recommended to:

1.    Note the contents of the report and provide any feedback. 

The Chair and the Company Directors agreed to alter the order of the agenda, and this item was taken before the summary report.

The Board of OX Place had submitted a report to SJVG to provide an update on development related activities on a scheme-by-scheme basis. An outline of the key risks and issues affecting the programme is also provided. 

The SJVG discussed the report in private session.

The SJVG noted the contents of the report.

Present for this part and the remainder of the meeting:

Kerry Kyriacou, Non-Executive Director

Jane Winfield, Non-Executive Director

Rosemary Farrar, Non-Executive Director

Roger Thompson, Managing Director

Tim Bacon, Interim Head of Development

David Watt, Strategic Finance Manager

Peter Gardiner, Interim Strategic Finance Manager

Report of: Roger Thompson – Ox Place Managing Director, David Watt – Ox Place Strategic Finance Manager

Executive Summary 

To provide the Shareholder with an updated Financial Business Plan for the proposed activities of Ox Place (OCHL) in the delivery of the existing identified housing delivery programme. 

The Shareholder is recommended to:

1.    Note the report.

2.    Please note that no vote to approve the business plan is intended at this meeting. This is an opportunity to become aware of and review the plan as presented.

The Board of OX Place had submitted a report to SJVG to provide the Shareholder with an updated Financial Business Plan for the proposed activities of Ox Place (OCHL) in the delivery of the existing identified housing delivery programme. 

The SJVG discussed the report in private session.

The SJVG noted the contents of the report.