Councillors quizzed over plans for £2m property investment company
- Credit: Archant
Norfolk councillors have been questioned about a 'lack of clarity and detail' in their plans for a property investment company.
North Norfolk District Council (NNDC) agreed to use £2m of reserve funding to establish the limited company in their budget for 2019/20.
But at the final full meeting of the current council on Wednesday, April 24, John Lee, leader of the opposition Conservative group, said: 'We are concerned that to date there has been almost no information or detail supporting this proposal.
'Members should have the opportunity to debate the pros and cons of establishing such a company.'
He proposed members be allowed to assess the proposal and that it be scrutinised by 'an appropriate body'.
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Council leader Sarah Butikofer, said information would be provided to councillors and that scrutiny of the process would 'absolutely' be carried out.
Both motions were passed unanimously by councillors.
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