(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.