Decision - Old Steine and Palace Place appropriation from General Fund to Housing Revenue Account

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Decision details

Old Steine and Palace Place appropriation from General Fund to Housing Revenue Account

Decision Maker: Housing Committee, Policy & Resources Committee

Decision status: Recommendations approved

Is Key decision?: No

Is subject to call in?: No

Decision:

RESOLVED:

 

2.1      The Housing Committee:

 

Recommends to Policy & Resources Committee that it agrees to proceed with Option A (the appropriation and development of a 100% affordable, 11-home housing scheme to meet demand for temporary accommodation).

 

Recommends to Policy & Resources Committee that it approves a budget of up to £2.660m to be included in the HRA capital programme for 2021/22 financed by HRA borrowing, right to buy Receipts, general capital receipts and HRA reserves.

 

Recommends to Policy & Resources Committee that it delegates authority to the Executive Director of Housing, Neighbourhoods and Communities to appropriate 62-63 Old Steine & 3-4 Palace Place from the General Fund to the Housing Revenue Account and agrees that the General Fund is compensated by £0.890m.

 

2.2      The Policy & Resources Committee:

 

Agrees to proceed with Option A (the appropriation and development of a 100% affordable, 11-home housing scheme to meet demand for temporary accommodation).

 

Approves a budget of up to £2.660m to be included in the HRA capital

programme for 2021/22 financed by HRA borrowing, right to buy Receipts, general capital receipts and HRA reserves.

 

Delegates authority to the Executive Director of Housing, Neighbourhoods and Communities to appropriate 62-63 Old Steine & 3-4 Palace Place from the General Fund to the Housing Revenue Account and agrees that the General Fund is compensated by £0.890m.

Report author: Glyn Huelin

Publication date: 24/06/2021

Date of decision: 23/06/2021

Decided at meeting: 23/06/2021 - Housing Committee

Accompanying Documents:

 


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