Decision details

Housing investment company - joint working arrangements.

Decision Maker: Eastbourne Borough Council Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To seek approval for the development of a new joint housing and regeneration investment company with Lewes District Council.

 

Decision:

(1) Director of service delivery and assistant director of legal and democratic services, in consultation with lead cabinet member for housing and their counterpart at Lewes District Council given delegated authority to undertake work to set up a joint Lewes District Council/Eastbourne Borough Council wholly owned housing investment company (HIC).

(2) Director of service delivery authorised to procure specialist advice as necessary up to a value of £30,000, this being the estimated cost of advice on setting up the joint HIC together with costs of developing the business case and investment proposals.

(3) Any investment proposals to be reported back to cabinet for approval.

 

Publication date: 15/12/2016

Date of decision: 13/12/2016

Decided at meeting: 13/12/2016 - Eastbourne Borough Council Cabinet

Accompanying Documents: