Minutes:
Decisions:
That having had due
regard to the integrated impact assessment:
1.
The current progress in respect of the
approval of the Outline Business Case be noted.
2.
The establishment of a Company Limited by
Guarantee, to be known as Celtic Freeport Company Limited be approved, and the
Council be authorised to take a membership interest in Celtic Freeport Company
Limited, and delegated authority be granted to the Chief Executive and Head of
Legal and Democratic Services, to sign the appropriate agreements to document
this interest.
3.
The Articles of Association and Draft Members
Agreement enclosed at Appendix 1 and Appendix 2 to the private, circulated
report be approved, and delegated authority be granted to the Chief Executive
and Head of Legal and Democratic Services (in consultation with the Leader) to
sign the Members Agreement on the part of Neath Port Talbot County Borough
Council.
4.
Delegated authority be granted to the Chief
Executive (in consultation with the Leader and relevant Cabinet Member) to
agree any minor variations to the Member’s Agreement and Articles of
Association that might be necessary prior to signature, on the basis that such
delegation shall not extend to any alternative financial commitments on the
part of Neath Port Talbot County Borough Council.
5.
The Director of Environment and Regeneration
be nominated as the Neath Port Talbot County Borough Council representative to
the Celtic Freeport Company Limited Board of Directors and be authorised to act
as a Director of Celtic Freeport Company Limited.
6.
The Director of Environment and Regeneration
be provided with an indemnity in the form annexed at Appendix 3 to the private,
circulated report.
Reason for Decisions:
To seek approval from members in relation to the
proposed Company governance documentation, that the Company be constituted as
an operational company and that the Council obtain a membership and appoint a
director to sit on the board of the Company.
Implementation of
Decisions:
The decisions are for immediate implementation,
following the agreement of the Cabinet Scrutiny Chair.
Consultation:
The
Freeport bid has been developed by the two local authorities, Associated
British Ports and Milford Haven Port Authority, working in partnership. Wider
consultation has also taken place with a wide range of public and private
sector organisations including business networks within the Freeport proposed
area.