Merantun Development Limited Sub-Committee 30 July 2018

Venue: Committee Rooms C,D,E, 1st floor, Merton Civic CentreItems

No. Item
1. Apologies for absence

Minutes:

There were no apologies for absence received.

2. Declarations of pecuniary interest

Minutes:

There were no declarations of interest made.

3. Minutes of the previous meeting  PDF 32 KB

Minutes:

The minutes of the meeting held on 12 December 2017 were agreed as a correct record.

4. Merantun Development Limited – Progress Report  PDF 55 KB

Additional documents:

Decision:

RESOLVED:

1.    That the progress of Merantun Development Limited (MDL) for the delivery of their new build housing programme be noted.

2.    That the approval being sought by MDL from the Shareholder Representative in conjunction with the S151 Officer and Chair for the current year operational and development budgets in return for shares be noted.

Minutes:

The Director of Corporate Services presented the report which updated on progress made since the last meeting, highlighting the change in the timetable for the design and planning contract tender.  Despite delaying the tender process to September to facilitate a higher response rate, this would only impact on the overall delivery of the programme by a month.  The costings were currently within budget.

The Deputy Leader and Cabinet Member for Finance clarified that the programme was broadly on schedule from that which had previously agreed and the company was preparing to enter into further detailed works to progress the delivery of much needed housing in the Borough.

The Cabinet Member for Regeneration, Housing and Transport welcomed the progress that had been made to date and highlighted the importance of keeping a close watch on progress to ensure adherence to the timetable and the best possible use of the sites.

The Chair also welcomed the progress made.

RESOLVED:

1.    That the progress of Merantun Development Limited (MDL) for the delivery of their new build housing programme be noted.

2.    That the approval being sought by MDL from the Shareholder Representative in conjunction with the S151 Officer and Chair for the current year operational and development budgets in return for shares be noted.

5. Change of Financial Year End Date  PDF 50 KB

Decision:

RESOLVED:

1.    That the financial year end date (account referencing date) be amended from 31 August 2018 to 31 March 2019 to align the end of the financial year date of Merantun Development Limited with the financial year end date of the London Borough of Merton;

2.    That the first set of accounts will be less than 12 months and require filing at Companies House by 31st December 2018.

Minutes:

The Director of Corporate Resources presented the report which proposed a change in the financial year-end date of the company to synchronise with the Council’s financial year-end date.  This would result in the requirement to submit the first set of accounts early, by the end of December.  It was not anticipated that this would have any adverse impact and it made financial sense to align with the Council’s accounting processes.

RESOLVED:

1.    That the financial year end date (account referencing date) be amended from 31 August 2018 to 31 March 2019 to align the end of the financial year date of Merantun Development Limited with the financial year end date of the London Borough of Merton; and

2.    That the first set of accounts will be less than 12 months and require filing at Companies House by 31st December 2018.

The obligatory #BusinessLikeBINGO! catchphrase used in every meeting.

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About Mark Gale

A Ravensbury resident fed up with mistakes being made at council meetings, my local Councillor preferring to complete a Sudoku Puzzle rather than listen to comments made at a scrutiny meeting, not having an accurate record of council meetings. Merton Council needs transparency to expose the childish behaviour, and blind party loyalty from our elected members. I have setup this website and will do my best to make as many council meetings accessible for ALL. With the help from other committed residents of our borough, we can keep a close eye on Merton.
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