Decision details

12 July 2024

Issue of General Exception Notice

When this item was published in the Decisions Plan on 21 June 2024, the Plan showed the amount of funding that was available allowing the purchase of only one unit of temporary accommodation.  However, the available amount of funding streams has now increased allowing the purchase of up to five units of temporary accommodation.

Therefore, an amendment is required to be made to the description contained under the heading ‘Subject and purpose of decision’.  This amendment is shown below using strikethrough and emboldened text to highlight the change:

Acquisition of Property for Temporary Accommodation (21 June 2024)

The Cabinet will be asked to make a decision on establishing a capital budget of up to £321,000 £887,750 utilising available funding streams, for the purchase of one five units of temporary accommodation within the district.

Resolved:

That:

1.       the freehold interest of up to five units of temporary accommodation be purchased, the cost to be funded through:

a.       the Local Authority Housing Fund Three; and

b.       government grant, discount or relief schemes, any other options for external funding, with the balance from and/or the Investing in Growth Fund as set out in Section 2.6 of Report number: CAB/WS/24/036;

2.       a capital budget of up to £887,750 (eight hundred and eighty seven thousand seven hundred and fifty pounds) be established for this purpose, to be funded as per the funding streams set out in (1) above, and be made available to facilitate the purchase of up to five units of temporary accommodation including fees, survey and valuation costs;

3.       it be noted that, in line with recommendations (1) and (2) above, officers will proceed on this matter in accordance with the Council’s existing Scheme of Delegation; and

4.       the Council’s Section 151 Officer be authorised to make the necessary changes to the Council’s prudential indicators as a result of recommendation (2) above.