Purpose

To agree arrangements for the appointment of
advisers.

Content

The Executive Resolved

That  (i)    an
extension be approved of the existing contractual arrangements
between the Council and Tile Hill Interim and Executive Limited
(from 28th February to 31st March 2027) for
the provision of specialist support to the Council for the
continued delivery of the Company Divestment Strategy and Asset
Rationalisation Programme, taking into account the information in
the Appendix 1 (in Part 2); and

         
(ii)   the Chief Executive is
authorised to take all necessary steps to implement the decision in
(i) above, including concluding
negotiations to extend the specialist support provided via Tile
Hill for the continued delivery of the Company Divestment Strategy
and Asset Rationalisation Programme entering into any required
contractual documents and issuing the relevant transparency
notices.

Reason: To enable the Council to continue to have
access to specialist external support and expertise to progress the
delivery of the Company Divestment Strategy and its own Asset
Rationalisation Programme, upon which the Government’s debt
relief for Woking is dependent.