Issue - meetings
Housing and Investment Company
Meeting: 13/07/2017 - Policy and Resources Scrutiny Committee (Item 184)
184 Housing Investment Company PDF 167 KB
Minute 74 (Cabinet Book 1 – Agenda Item 15 refers)
Called in by Councillors Nevin, Robinson, Terry and Woodley
Additional documents:
- 15 - Appendix A - HIC Report, 20/06/2017 Cabinet, item 184 PDF 53 KB
- 15 - Appendix B - HIC Paper, 20/06/2017 Cabinet, item 184 PDF 68 KB
- 15 - Appendix C - HIC Paper, 20/06/2017 Cabinet, item 184 PDF 63 KB
Minutes:
The Committee considered Minute 74 of the meeting of Cabinet held on 20th June 2017, which had been called in to Scrutiny, together with a report of the Director of Finance and Resources setting out the key considerations, high level business case and the implementation plan for establishing a Housing Investment Company (HIC) for the Council.
Resolved:-
1. That the following decisions of Cabinet be noted:-
“1. That the establishment of a Council controlled, asset holding Housing Investment Company, be approved.
2. That the key actions within the Implementation Plan, be approved.
3. That External financial and legal advice be sought to support the key actions within the Implementation plan to ensure its timely delivery and that this one off cost is funded from the Council’s contingency budget.”
2. That in accordance with Council Procedure Rule 39 the matter be referred to Council for decision.
Note:- This is an Executive Function.
Executive Councillor :- Lamb/Flewitt
Meeting: 20/06/2017 - Cabinet (Item 74)
74 Housing Investment Company PDF 167 KB
Report of the Director of Finance and Resources attached.
Additional documents:
- 15 - Appendix A - HIC Report, item 74 PDF 53 KB
- 15 - Appendix B - HIC Paper, item 74 PDF 68 KB
- 15 - Appendix C - HIC Paper, item 74 PDF 63 KB
Minutes:
The Cabinet considered a report of the Director of Finance and Resources setting out the key considerations, high level business case and the implementation plan for establishing a Housing Investment Company (HIC) for the Council.
Resolved:
1. That the establishment of a Council controlled, asset holding Housing Investment Company, be approved.
2. That the key actions within the Implementation Plan, be approved.
3. That External financial and legal advice be sought to support the key actions within the Implementation plan to ensure its timely delivery and that this one off cost is funded from the Council’s contingency budget.
Reason for Decision
To address a number of local housing needs in the borough.
Other Options
None
Note:- This is an Executive Function.
Called in to: Policy & Resources Scrutiny Committee
Executive Councillor :- Lamb/Flewitt