Common use of Dissolution of the Pool Clause in Contracts

Dissolution of the Pool. 9.1. Membership of the WBRP is voluntary and a member may leave if it wishes to. If a member wishes to leave the WBRP, application to dissolve the Pool must be sought from the MHCLG 9.2. Each member of the WBRP should share any intention to leave the Pool immediately with all members of the WBRP in order to support strategic financial planning and aim to give at least six months' notice. 9.3. In the event of unanimous agreement of WBRP members, application to dissolve the Pool can be sought immediately recognising that the application will be governed by the timetable set by the MHCLG. 9.4. If the MHCLG allows, following its annual local government finance settlement process, any pool member to withdraw from a pooling arrangement and should a WBRP member wish under these circumstances to seek to leave the Pool then it should inform the other members as soon as possible as the WBRP cannot be designated for the following financial year. 9.5. On dissolution of the Pool, each Pool Member reverts to their individual top- up or tariff amounts as calculated by the MHCLG. 9.6. Any member who leaves the WBRP foregoes any claim on any assets of the WBRP unless the dissolution is deemed permanent. In the event of permanent dissolution of the Pool any assets of the WBRP, including funds available in the Risk Reserve, will be disbursed in proportion to the net payments made to the Risk Reserve during the life of that pool and then shared between the County Council and the pool member who made the payments into the pool in the same proportions as in schedule 1. 9.7. If the Pool is re-designated after one or more members leave then any existing Risk Reserve from the former Pool becomes the Risk Reserve for the newly designated Pool. In this circumstance the remaining Pool Members may need to reconsider the level of Risk Reserve that is required to mitigate against volatility in Business Rate income following the change in membership. Page 6 October 2020 I, the undersigned, agree to be bound by the requirements of the Worcestershire Business Rates Pool Pooling Agreement

Dissolution of the Pool. 9.1. Membership of the WBRP is voluntary and a member may leave if it wishes to. If a member wishes to leave the WBRP, application to dissolve the Pool must be sought from the MHCLG 9.2. Each member of the WBRP should share any intention to leave the Pool immediately with all members of the WBRP in order to support strategic financial planning and aim to give at least six months' notice. 9.3. In the event of unanimous agreement of WBRP members, application to dissolve the Pool can be sought immediately recognising that the application will be governed by the timetable set by the MHCLG. 9.4. If the MHCLG allows, following its annual local government finance settlement process, any pool member to withdraw from a pooling arrangement and should a WBRP member wish under these circumstances to seek to leave the Pool then it should inform the other members as soon as possible as the WBRP cannot be designated for the following financial year. 9.5. On dissolution of the Pool, each Pool Member reverts to their individual top- up or tariff amounts as calculated by the MHCLG. 9.6. Any member who leaves the WBRP foregoes any claim on any assets of the WBRP unless the dissolution is deemed permanent. In the event of permanent dissolution of the Pool any assets of the WBRP, including funds available in the Risk Reserve, will be disbursed in proportion to the net payments made to the Risk Reserve during the life of that pool and then shared between the County Council and the pool member who made the payments into the pool in the same proportions as in schedule 1. 9.7. If the Pool is re-designated after one or more members leave then any existing Risk Reserve from the former Pool becomes the Risk Reserve for the newly designated Pool. In this circumstance the remaining Pool Members may need to reconsider the level of Risk Reserve that is required to mitigate against volatility in Business Rate income following the change in membership. Page 6 October 2020 I, the undersigned, agree to be bound by the requirements Worcestershire Business Rates Pool Pooling Agreement of the Bromsgrove District Council Xxxxx Xxxxxxxxx Executive Director (S151 Officer) I, the undersigned, agree to be bound by the requirements Worcestershire Business Rates Pool Pooling Agreement of the Hereford & Worcester Fire and Rescue Service Xxxxxx Reohorn Director of Finance (Treasurer) (S151 Officer) I, the undersigned, agree to be bound by the requirements of the Worcestershire Business Rates Pool Pooling Agreement. Xxxx Xxxxxxx Deputy Chief Executive (S151 Officer) I, the undersigned, agree to be bound by the requirements of the Worcestershire Business Rates Pool Pooling Agreement Redditch Borough Council Xxxxx Xxxxxxxxx Executive Director (S151 Officer) I, the undersigned, agree to be bound by the requirements of the Worcestershire Business Rates Pool Pooling Agreement.

Dissolution of the Pool. 9.1. Membership of the WBRP HWBRP is voluntary and a member may leave if it wishes to. If a member wishes to leave the WBRPHWBRP, application to dissolve the Pool must be sought from the MHCLGDLUHC. 9.2. Each member of the WBRP HWBRP should share any intention to leave the Pool immediately with all members of the WBRP HWBRP in order to support strategic financial planning and aim to give at least six months' notice. 9.3. In the event of unanimous agreement of WBRP HWBRP members, application to dissolve the Pool can be sought immediately recognising that the application will be governed by the timetable set by the MHCLGDLUHC. 9.4. If the MHCLG DLUHC allows, following its annual local government finance settlement process, any pool member to withdraw from a pooling arrangement and should a WBRP HWBRP member wish under these circumstances to seek to leave the Pool then it should inform the other members as soon as possible as the WBRP HWBRP cannot be designated for the following financial year. 9.5. On dissolution of the Pool, each Pool Member reverts to their individual top- up or tariff amounts as calculated by the MHCLGDLUHC. 9.6. Any member who leaves the WBRP HWBRP foregoes any claim on any assets of the WBRP HWBRP unless the dissolution is deemed permanent. In the event of permanent dissolution of the Pool any assets of the WBRPHWBRP, including funds available in the Risk Reserve, will be disbursed in proportion to the net payments made to the Risk Reserve during the life of that pool and then shared between the County Council and the pool member who made the payments into the pool in the same proportions as in schedule 1. 9.7. If the Pool is re-designated after one or more members leave then any existing Risk Reserve from the former Pool becomes the Risk Reserve for the newly designated Pool. In this circumstance the remaining Pool Members may need to reconsider the level of Risk Reserve that is required to mitigate against volatility in Business Rate income following the change in membership. Page 6 October 2020 I, the undersigned, agree to be bound by the requirements of the Herefordshire & Worcestershire Business Rates Pool Pooling Agreement Xxxxx Xxxxxxxxx Interim Director of Finance (S151 Officer) I, the undersigned, agree to be bound by the requirements of the Herefordshire & Worcestershire Business Rates Pool Pooling Agreement. Xxxxxx Xxxxxxx Director of Finance (Treasurer) (S151 Officer) I, the undersigned, agree to be bound by the requirements of the Herefordshire & Worcestershire Business Rates Pool Pooling Agreement. Xxxx Xxxxxxx Deputy Chief Executive (S151 Officer) I, the undersigned, agree to be bound by the requirements of the Herefordshire & Worcestershire Business Rates Pool Pooling Agreement Xxxxx Xxxxxxxxx Interim Director of Finance (S151 Officer) I, the undersigned, agree to be bound by the requirements of the Herefordshire & Worcestershire Business Rates Pool Pooling Agreement. Xxxxx Xxxxx– Director of Finance and Resources (S151 Officer) I, the undersigned, agree to be bound by the requirements of the Herefordshire & Worcestershire Business Rates Pool Pooling Agreement. Xxxxxxx Xxxxxx Chief Financial Officer (S151 Officer) I, the undersigned, agree to be bound by the requirements of the Herefordshire & Worcestershire Business Rates Pool Pooling Agreement. Xxxxx Xxxxxxxxx Deputy Chief Executive (S151 Officer) I, the undersigned, agree to be bound by the requirements of the Herefordshire & Worcestershire Business Rates Pool Pooling Agreement. Xxxxx Xxxxx Head of Resources and S151Officer I, the undersigned, agree to be bound by the requirements of the Herefordshire & Worcestershire Business Rates Pool Pooling Agreement.

Dissolution of the Pool. 9.1. Membership of the WBRP is voluntary and a member may leave if it wishes to. If a member wishes to leave the WBRP, application to dissolve the Pool must be sought from the MHCLGDepartment for Communities and Local Government. 9.2. Each member of the WBRP should share must give by way of one year's notice of any intention desire to leave the Pool Pool. This is to take the form of a Statement of Intention to be completed by 31 March each year, to be shared immediately with all members of the WBRP in order to support strategic financial planning and aim to give at least six months' noticeplanning. 9.3. In the event of unanimous agreement of WBRP members, application to dissolve the Pool can be sought immediately recognising that the application will be governed by the timetable set by the MHCLGimmediately. 9.4. If Notwithstanding the MHCLG allowsabove, following the Department for Communities and Local Government may, through its annual local government finance settlement process, any pool member to withdraw from a pooling arrangement and should process change the mechanics of the business rate retention scheme. Should a WBRP member wish under these circumstances to seek to leave the Pool then it should inform aim to give at least six months notice or as much as possible to the other members as soon as possible as the WBRP cannot be designated for the following financial yearPool Members. 9.5. On dissolution of the Pool, each Pool Member reverts to their individual top- up or tariff amounts as calculated by the MHCLGDepartment for Communities and Local Government. 9.6. Any member member, who leaves the WBRP WBRP, foregoes any claim on any assets of the WBRP unless the dissolution is deemed permanent. In the event of permanent dissolution of the Pool Pool, any assets of the WBRP, including funds available in the Risk Reserve, Reserve will be disbursed in proportion on an equal basis to each Pool Member. This has been agreed on the net payments made basis that all Pool Members will use best endeavours to the Risk Reserve deliver a review during the life of that pool and then shared between the County Council and the pool member who made the payments 2013 into the pool other element of the Local Government Resource Review, Council Tax Support. This will examine measures required to meet the full funding gap created by Central Government through the localisation of Council Tax. The review will consider ways in which this gap can be met solely through reforms to local Council Tax Support/technical reforms to Council Tax and consider the same proportions as in schedule 1potential for implementation of findings by 1 April 2014. 9.7. If the Pool is re-designated after one or more members leave then any existing Risk Reserve from the former Pool becomes the Risk Reserve for the newly designated Pool. In this circumstance the remaining Pool Members may need to reconsider the level of Risk Reserve that is required to mitigate against volatility in Business Rate income following the change in membership. Page 6 October 2020 I, the undersigned, agree to be bound by the requirements of the Worcestershire Business Rates Pool Pooling Agreement.