Issue - decisions

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.