(Reasons: LGA 1972 Sch 12A Paragraph 3 – Financial or business affairs of any particular person)
Consideration of recommendations to Cabinet from Finance, Innovation and Property Advisory Board of 12 January 2022 (FIP 22/9).
The Cabinet resolved that:
(1) the progress made in renegotiating both the banking and merchant acquirer services contracts be noted and delegated authority be granted to the Director of Finance and Transformation, in liaison with the Cabinet Member for Finance, Innovation and Property, to finalise the negotiations;
(2) the approach to be adopted in respect of the retendering of the Councils insurance arrangements be noted and endorsed and delegated authority be granted to the Director of Finance and Transformation, in liaison with the Cabinet Member for Finance, Innovation and Property, to award the contract to the successful tenderer following the outcome of the tender exercise; and
(3) the current situation regarding renewal of the cash collection contract and securing alternative cash payment facilities be noted.