Purpose

The
report considers the effectiveness and appropriateness of
governance arrangements within the Council with regards to
Tunbridge Wells Property Holdings Ltd. 
In addition the report considers the governance arrangements within
the Company itself.

Decision

RESOLVED –
 

That the findings of the review of Tunbridge
Wells Property Holdings Ltd (‘the Company’) and
Tunbridge Wells Borough Council’s (‘the Council’)
current governance arrangements in relation to the Company be
noted.

 

That the Property Asset Oversight Panel (PAOP)
have oversight of the Company’s (TWPH) operations and makes
decisions as to which of the recommendations are implemented be
approved.

 
 
REASON FOR
DECISION:  To
ensure the Company will remain an appropriate  and effective vehicle for delivering the
Council’s property related objectives to provide privately
let housing, on assured short-hold tenancies at market
rent.