Decision Maker: Executive Director of Economic Growth & Neighbourhood Services
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decisions set out in the book have been made
under delegated powers by the Chief Executive, Executive Directors
or the Chief Finance Officer and Monitoring Officer, in
consultation either with the relevant committee or Lead
Councillor.
The Decision Book process has been altered to suspend the current
Councillors’ call-in arrangements within the 10-day period
after its publication and replace it with the ability during that
period for three Councillors to request a retrospective review of
the decision in writing to the Head of Legal and Democratic
Services.
The decision book can be accessed on the Council’s website
– www.reading.gov.uk/decisionbooks.
The officer reports accompanying the decisions are attached.
Contact: Richard Woodford Committee Services
Tel: 0118 937 2332
e-mail: richard.woodford@reading.gov.uk
This report sets out the decision to purchase
shares in a second share offer issued by Reading Community Energy
Society (RCES).
Further to the delegation detailed in paragraph 1.3 above it is the
decision of the Executive Director for Economic Growth and
Neighbourhood Services in consultation with the Lead Councillor for
Strategic Environment, Planning and Transport that the Council
purchase 50,000 shares in the second share release of Reading
Community Energy Society at a cost of £1 per share taking the
total number of shares (inclusive of the previous 10,000 purchased
in 2016) to 60,000.
Publication date: 21/05/2020
Date of decision: 21/05/2020
Accompanying Documents: