Issue - meetings

Report of Director of Regeneration and Planning

Lead Cabinet member: Councillor Alan Shuttleworth

(This report contains an exempt appendix. Any discussion of this must take place at item 14 following exclusion of the public.)

(Key decision):

(1) To delegate authority to the Director of Regeneration & Planning in consultation with the Portfolio holder for Housing and the Chief Finance Officer to make an allocation in the Housing Revenue Account (HRA) for £29m for the construction programme at Bedfordwell Road.

(2) To note the financial and legal advice provided within this report.

(3) To agree to delegate authority to the Director of Regeneration and Planning in consultation with the Portfolio Holder for Housing to:

(a) appropriate all or part of the land at Bedfordwell Road, in accordance with further financial and legal advice to be taken, from the General Fund to the HRA

(b) appropriate all or part of land at further sites as identified in paragraph 6.3 of the report, in accordance with further financial and legal advice to be taken, from the General Fund to the HRA.

The Cabinet considered the report of the Deputy Chief Executive and Director of Regeneration and Planning setting out the budget for the residential, commercial and community development of Bedfordwell Road. The report also requested additional land which could be developed for housing is appropriated to the housing revenue account (HRA) to enable delivery.

Visiting member, Councillor Robert Smart addressed the Cabinet on this item.

Resolved (Key decision):

(1) To delegate authority to the Director of Regeneration & Planning in consultation with the Portfolio holder for Housing and the Chief Finance Officer to make an allocation in the Housing Revenue Account (HRA) for £29m for the construction programme at Bedfordwell Road.

(2) To note the financial and legal advice provided within this report.

(3) To agree to delegate authority to the Director of Regeneration and Planning in consultation with the Portfolio Holder for Housing to:

(a) appropriate all or part of the land at Bedfordwell Road, in accordance with further financial and legal advice to be taken, from the General Fund to the HRA

(b) appropriate all or part of land at further sites as identified in paragraph 6.3 of the report, in accordance with further financial and legal advice to be taken, from the General Fund to the HRA.

Reason for decisions:

To finalise the budget available for the delivery of Bedfordwell Road within the Housing Revenue Account Business Plan and also enable the pipeline of delivery of new homes through appropriation of land from the General Fund to HRA.