... A FORUM TO STIMULATE DEBATE ... ... JUST ADD A COMMENT AT ANY ENTRY BELOW... ... FOR THE SUSTAINABLE DEVELOPMENT OF TOWN AND VALLEY ...

Wednesday 20 February 2019

District Council's £20m investment fund: motion to debate the issue rejected

The District Council will not allow debate on several motions at its next full meeting:
Futures Forum: Knowle relocation project: District Council rejects motion "for the ongoing costs to be published to show confidence that this project will breakeven"
Futures Forum: District Council rejects considering motion "to recognise that Climate Change and Global Warming are the key issues of our time, to acknowledge the strong concerns of young people and for the council to commit to introducing a policy of carbon measurement and reduction"

Another area which it does not seem keen to debate is its heavy borrowing:
Futures Forum: District Council's £20m investment fund: "Property investment brings with it the potential for significant risk if things go wrong."

As picked up by the East Devon Watch blog:


“COUNCIL TO BORROW £200 MILLION FOR PROPERTY SPECULATION – CHIEF EXECUTIVE BARS COUNCILLORS FROM TALKING ABOUT IT

20 FEB 2019

East Devon District Council is controversially set to borrow £200 million to purchase property. The Council Cabinet agreed its Commercial Investment Framework, which would allow it to do so, on 6 February.

However many EDDC councillors have great concerns about this strategy. As a result, a Notice of Motion (NoM) was tabled by Councillor Roger Giles (Independent – Ottery Town) to be debated at the EDDC full council meeting on 27 February. The NoM was submitted in time, and was supported by more than the required number of other councillors.

However the EDDC Chief Executive Mark Williams struck the NoM off the agenda, on the grounds that the matter had already been discussed at the Cabinet meeting on 6 February.

“The EDDC Cabinet consists of just 10 councillors, and is Conservative controlled” said Roger Giles.

“The investment strategy would massively increase the council`s indebtedness, and is inherently risky. I therefore considered it essential that the whole council should be able to have a full-scale debate, and vote on the strategy.”

“However the Chief Executive has intervened to ban my NoM from being included on the agenda paper. By doing so I believe he has damaged our democratic processes – an action which is deeply regrettable.”


“COUNCIL TO BORROW £200 MILLION FOR PROPERTY SPECULATION – CHIEF EXECUTIVE BARS COUNCILLORS FROM TALKING ABOUT IT | East Devon Watch
.
.
.

No comments: