Decision details

North and West Yorkshire Business Rates Pool

Reference: D50567

Decision Maker: Executive Board

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

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

Decisions:

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.

 

RESOLVED –

(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

None.

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

Accompanying Documents: