Concise Minutes - Public Accounts Committee

Meeting Venue:

Committee Room 3 - Senedd

Meeting date: Tuesday, 20 October 2015

Meeting time: 09.01 - 11.06
This meeting can be viewed
on Senedd TV at:
http://senedd.tv/en/3267

Attendance

Category	Names
Assembly Members:	Darren Millar AM (Chair) Mike Hedges AM Sandy Mewies AM Julie Morgan AM Jenny Rathbone AM Aled Roberts AM Andrew RT Davies AM (In place of Mohammad Asghar (Oscar) AM) Alun Ffred Jones AM (In place of Jocelyn Davies AM)
Witnesses:	Jeremy Green, Lambert Smith Hampton Ltd Lee Mogridge, Lambert Smith Hampton Ltd
Committee Staff:	Fay Buckle (Clerk) Claire Griffiths (Deputy Clerk) Joanest Varney-Jackson (Legal Adviser) Alistair McQuaid (Wales Audit Office) Nick Tyldesley (District Valuer) Mike Usher (Wales Audit Office) Huw Vaughan Thomas (Wales Audit Office)

<AI1>

1 Regeneration Investment Fund for Wales: Consideration of evidence received

1.1 Members considered the evidence received at the meeting held on 13 October.

</AI1>

<AI2>

Transcript

View the meeting transcript.

</AI2>

<AI3>

2 Introductions, apologies and substitutions

2.1 The Chair welcomed the Members to the meeting.

2.2 Apologies were received from Mohammad Asghar. Andrew R T Davies substituted.

2.3 Jocelyn Davies excluded herself under Standing Order 18.8. Alun Ffred Jones substituted.

2.4 The declarations of interest made in the meeting on 12 October are applicable to this meeting.

</AI3>

<AI4>

3 Papers to note

3.1 The papers were noted.

</AI4>

<AI5>

3.1 Regeneration Investment Fund for Wales: Letter from James Price, Welsh Government (12 October 2015)

</AI5>

<AI6>

4 Regeneration Investment Fund for Wales: Evidence session 5

4.1 The Committee scrutinised Jeremy Green and Lee Mogridge from Lambert Smith Hampton Ltd as part of the inquiry into the Regeneration Investment Fund for Wales.

4.2 Jeremy Green and Lee Mogridge agreed to send the following information to the Committee:

· Check and confirm the dates they met with planning officials from the City of Cardiff Council and Monmouthshire County Council and submit any relevant correspondence;

· Check and confirm when, if all interest shown from potential purchasers was communicated to the RIFW Board and specifically the interest shown from Legat Owen;

· Details of the meetings held with the proposed purchaser between February 2011 and March 2012;

· Check when relationship was established with Mr Langley Davies, who from LSH acted for him and in what capacity and on what other projects (where he is a Director);

· Provide exchanges of email and other correspondence with the potential purchaser when the purchaser suggested that it would harm his interests and could prejudice the portfolio transactions if he was forced to carry out a formal valuation, and

· Clarify when LSH commenced marketing the Monmouth site for SWLD.

</AI6>

<AI7>

5 Motion under Standing Order 17.42 to resolve to exclude the public from the meeting for the following business:

5.1 The motion was agreed.

</AI7>

<AI8>

6 Regeneration Investment Fund for Wales: Consideration of evidence received

6.1 Due to time constraints, this item as not reached.

</AI8>

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