Decision Maker: Executive Board
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Executive Board will be asked to:
· Note that following the successful application from North and West Yorkshire authorities to form a Levy Pool from 1st April 2020, the existing North and West Yorkshire Pool will be revoked on 31st March 2020;
· agree to the formation of a new Joint Committee to oversee the new North and West Yorkshire Business Rates Pool;
and approve the Memorandum of Understanding – Governance Agreement
The Chief Officer (Financial Services) submitted a report which provided an update on the successful application for a new 2020/21 North and West Yorkshire 50% Retention Business Rates Levy Pool and which sought agreement to: the formation of a new Joint Committee to oversee that Pool; the associated governance arrangements and also the Leader’s position on the Joint Committee.
(a) That the update on the new 2020/21 North and West Yorkshire Business Rates Pool, as detailed within the submitted report, be noted;
(b) That the revoking of the 2019/20 North and West Yorkshire 75% Retention Business Rates Pool on 31st March 2020 be noted, and that agreement be provided to disband the current North and West Yorkshire Pool Joint Committee on the same date;
(c) That agreement be given to appoint the Leader to a new Joint Committee to oversee the new 2020/21 North and West Yorkshire Business Rates Pool, with such a Joint Committee consisting of the Leaders of the Authorities as specified in paragraph 3.3.3 of the submitted reportand to have the Terms of Reference as set out in Appendix C;
(d) That the Memorandum of Understanding for the 2020/21 North and West Yorkshire Business Rates Pool, as presented at Appendix B to the submitted report, be noted and agreed;
(e) That the Terms of Reference for the 2020/21 North and West Yorkshire Business Rates Pool Joint Committee, as presented at Appendix C to the submitted report, be noted and approved;
(f) That the City Solicitor be delegated with the necessary authority to seek the formal agreement of the other 12 members of the Pool to the new arrangements.
Reason Key: Financial Impact>£500K;
Portfolio Holder: Executive Board Member for Resources
Other reasons / organisations consulted
Contact: Victoria Bradshaw, Chief Officer - Financial Services 0113 37 88540 Email: Victoria.Bradshaw@leeds.gov.uk.
Report author: Victoria Bradshaw
Publication date: 14/02/2020
Date of decision: 12/02/2020
Decided at meeting: 12/02/2020 - Executive Board
Effective from: 22/02/2020