Issue - meetings

The Cabinet Member for Resources, Councillor Kevin Bonavia, moved that

the recommendations be approved and this was seconded by the Chair of the

Public Accounts Select Committee, Councillor Maja Hilton and it was:

RESOLVED that:

(1) the designation by the Secretary of State be accepted as an authority

within the London Business Rates Pilot Pool pursuant to 34(7)(1) of Schedule

7B Local Government Finance Act 1988;

(2) participation in the London Business Rates Pilot Pool with effect from 1

April 2018 be approved;

(3) the authority's administrative functions as a billing authority pursuant to the

Non-Domestic Rating (Rates Retention) Regulations 2013, be delegated to

the City of London Corporation ("COLC") acting as the Lead Authority;

(4) the Lead Authority be authorised to sub-contract certain ancillary

administrative functions [regarding the financial transactions [payment of

tariffs and top-ups] within the Pool to the GLA as it considers expedient];

(5) authority be delegated to the Executive Director for Resources and

Regeneration to agree the operational details of the pooling arrangements

with the participating authorities;

(6) authority be delegated to the Executive Director for Resources and

Regeneration, in consultation with the Head of Legal Services, to enter into

such Memorandum of Understanding with the ‘participating authorities’ as

may be necessary, (including if and where appropriate) amending, finalising

and executing the same on behalf of the authority.

(7) the Mayor be authorised to represent the authority in relation to

consultations regarding the London Business Rates Pilot Pool consultative as

may be undertaken by the Lead Authority pursuant to the Memorandum of

Understanding;

(8) the Mayor be given delegated authority to consider such consultative

reports as the Lead Authority may circulate and to respond on behalf of the

authority with regard to any recommendations and in particular, proposals for

projects to be approved for funding from the Strategic Investment Pot.

(9) authority be delegated to the Lead Authority the functions of assessment,

due consultation and approval of projects eligible for funding from the Pool's

Strategic Investment Pot following consultation with the participating

authorities (provided that at least two thirds of such participating London

Boroughs are (including the City of London Corporation) in favour of the

relevant recommendation as well as the Mayor of London, and that no entire

sub-region is in disagreement with the decision) on such terms and conditions

as shall ensure value for money and compliance with the law.