Issue - meetings

As detailed in the recommendations.

The Cabinet Member for Waste Strategy, Public Protection and Leisure introduced the report which updated Members on the liquidation of AD Waste and the closure of the Company’s accounts following the transfer of the service into Council control.

Details on the remaining financial balances and the outstanding commitments from the organisations operations were detailed in the report.  Also highlighted was the net value of the company at transfer, which after taking account of its liabilities, was £2,831,474 which mainly comprised of the Property and Fleet assets owned by the Company.

RESOLVED:

(a)       That the finalisation of the liquidation arrangements for AD Waste be noted;

(b)       That the additional works set out in paragraph 3.01 be funded from the liquidated balance; and

(c)        That the remaining balance of £513k from the transfer of the company be added to the Council’s in year Capital Programme Budget.