Issue - meetings

To receive a report from the Executive Director of Finance, Resources and Customer Services.                                                                     (Report No: 90A)

(Key Decision:  KD: 4605)

Cabinet is due to consider the report on 15 November 2017.  If agreed, Cabinet will recommend that Council agree in principle to participation in the business rate pool and subsequent delegation.

Councillor Lemonides moved and Councillor seconded the report of the Executive Director Finance, Resources and Customer Services on business rates.  (Report No:  90A)

NOTED

1.               The report asks for Council in principle approval to join a Londonwide business rate pool which will mean retaining more of the rates in London.  Approximately £240m will be shared out.  The weighted distribution should be favourable to Enfield and the Council should receive an extra £4.2m. 

AGREED

1.               To approve in principle participation in a London Business Rates Pilot Pool with effect from 1 April 2018.

2.               To delegate the Council’s administrative functions as a billing authority to the appropriate lead authority/joint committee.

3.               To delegate authority to the Leader and Executive Director of Finance, Resources and Customer Services

·       To agree the operational details of the pooling arrangements with the participating authorities

·       To enter into such agreement as may be necessary to implement the pool and to negotiate, finalise and execute the same on behalf of the Council.