Decision details
Optalis Ltd: Update on the Business Case for Merger with the Royal Borough of Windsor and Maidenhead
Decision Maker: Executive
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Purpose: To provide an update on progress with
the expansion of the Council Owned Company Opalis
Decision:
That:
1) the progress of the work to effect the merger be noted;
2) the business case enabling the implementation work to continue be approved;
3) a further update be provided at its March meeting on the progress of implementation;
4) the virement of £40k from the Royal Borough of Windsor and Maidenhead shareholder payment be approved and an increased debt of £55k for the Holding Company, to fund the costs of implementation, be agreed.
Wards Affected: None Specific;
Declarations: Councillor Anthony Pollock declared a personal and prejudicial interest in this item.
Dispensations: None
Reference Number: WBC919
Publication date: 26/01/2017
Date of decision: 26/01/2017
Decided at meeting: 26/01/2017 - Executive
Effective from: 04/02/2017
Accompanying Documents: