Decision

RESOLVED to:
 

1.   Approve
“in principle” for the Council to join a business rates
pool for Hampshire pending the completion of the required framework
and governance arrangements relating to the Hampshire based
scheme.

 

2.   Delegate
authority to the Section 151 Officer following consultation with
the Cabinet Lead for Finance to conclude necessary due diligence
and confirm the Council’s final intention on whether to
participate in a Hampshire business rates pool, however
constituted, 
for 2024/2025.

 

3.   Delegate
authority to the Section151 Officer following consultation with the
Cabinet Lead for Finance to agree the detailed pooling and
governance arrangements for the pool.

 

4.   Delegate
authority to the Section 151 Officer following consultation with
the Cabinet Lead for Finance to determine whether it is in the
interest of the Council to continue to participate in the Hampshire
business rates pool on an annual basis.