Recommended to Full Council (Budget and policy framework)
(1) To approve an increase of £2.41m to the existing new build and acquisitions budget within the 2023/24 HRA Capital Programme, totalling a new budget of £10.81m, to facilitate and be funded by new government grants, subject to Full Council approval.
(Key decision):
(2) To note the progress of the housing development and delivery programme as set out at Appendix 1 to the report.
(3) To support the progression of the initial phase of sites identified within the Housing Revenue Account (HRA) from the internal Asset Review to be taken through the feasibility and due diligence processes, utilising existing budgets and delegations.
(4) To approve a variation of £150k for the Fort Lane development in accordance with the Financial Procedure Rules, totalling a new scheme budget of £3.15m, financed within the capacity of the existing approved 2023/24 HRA Capital Programme.
(5) To approve the disposal of Council-owned garage sites as set out within Appendix 2 (Exempt) to the report, subject to a full business case, and with the capital receipts ring-fenced to support the HRA Business Plan and future capital schemes for housing.
(6) To authorise the Director of Regeneration and Planning, in consultation with the Director of Finance and Performance (S151 Officer) and Lead Member for Housing and Planning, to take all necessary actions to progress all recommendations including business cases, budget allocations, negotiation and agreement of terms, award of contract(s), and authorising the formal execution of all related documentation.