The Cabinet considered a report of the Deputy Chief Executive and Executive Director (Finance and Resources) providing an update on the current position of outstanding debt to the Council, as at 30^th September 2022.

Resolved:

1. That the current outstanding debt position on 30^th September 2022 and the position of debts written off to 30^th September 2022, as set out in Appendices A and B to the submitted report, be noted.

2. That the five write-offs for debts that exceed £25,000, as shown in Appendix B to the report, be approved.

3. That the positive achievement in securing payment for historical rent and service charge debts inherited by the Council following the acquisition of the Victoria Centre in December 2020, be noted.

Reason for Decision:

All reasonable steps to recover the debt have been taken, and therefore where write off is recommended it is the only course of action that is left available.

Other Options:

None.

Note: This is an Executive Function

Eligible for call-in to: Policy and Resources Scrutiny Committee

Cabinet Member: Cllr Collins