Decision Maker: Cabinet Member for Housing, Full Council
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
RECOMMENDED that City Council approve the following:
1) the following Capital Expenditure amounting to £22.903m:
I. A development of 67 units (a mixture of flats and houses) on a disused allotment site in Havant at a total cost of £8.119m
II. A development of 50 units (a mixture of houses and flats) at Kingsclere Avenue at a total cost of £6.059m.
III. A development of 40 units (a mixture of flats and houses) at Blendworth Crescent as a total cost of £4.847m.
IV. A development of 8 houses at Holybourne Road at a total cost of £969.400.
V. A development of 24 flats to be built on the existing Buckland Family centre site at a total cost of £2.908m
2) to fund the £22.903m of Capital Expenditure, additional borrowing of up to £15.12m over the next 2 years, alongside the funding already approved within the existing capital programme.
3) that subject to the requirements of recommendation 4, authority be delegated to the Head of Housing and Property Services in consultation with the Head of Finance & S151 Officer to amend the composition and spending profile of the proposed schemes in order to meet planning and design requirements.
4) that a financial appraisal approved by the Head of Finance & S151 Officer must be completed prior to the commencement of any scheme, that confirms that the proposed scheme remains the most viable option and provides an overall benefit to the 30 year HRA Business Plan.
Report author: Jo Bennett
Publication date: 17/03/2015
Date of decision: 16/03/2015
Decided at meeting: 16/03/2015 - Cabinet Member for Housing