Issue - meetings

(Asset Management & Economic Development Portfolio Holder) To consider the attached report (C-013-2014/15).

(1)        That consideration of this issue be deferred until the meeting of the Cabinet scheduled for 8 September 2014.

The Portfolio Holder referred the Cabinet to her earlier statement that she wished to defer this item until the next scheduled meeting of the Cabinet on 8 September 2014.

Decision:

(1)        That consideration of this issue be deferred until the meeting of the Cabinet scheduled for 8 September 2014.

To consider the attached report (AMED-004-2014/15).

The Assistant Director (Asset Management and Economic Development) presented a report to the Cabinet Committee concerning the marketing of an operational management agreement for North Weald Airfield. The Cabinet Committee were advised that property consultants, Savills, had been appointed to review the current position and undertake a soft market exercise to obtain the views of companies who operated in this sector of the aviation industry. Due to the considerable amount of unknown factors it was identified that a management agreement would be preferable to a long lease agreement.

The Assistant Director stated that a formal marketing of this opportunity was now needed to ensure that the aviation business worked to become profitable in its own right. He also advised that an outright sale of North Weald Airfield would be ruled out.

The Leisure and Community Services Portfolio Holder proposed that an additional recommendation be added to the report to note that there were no plans to sell the airfield at the current time. The Financial Portfolio Holder seconded the recommendation.

The Chairman advised that the meeting would now go into private session to discuss the confidential part of this report.