Decisions for issue Brighton & Hove Seaside Community Homes Ltd – funding options and consent

(1)         That Cabinet notes the outcome of the recent discussions with officials at CLG and for the reasons set out in paragraph 3.12 approves the adoption of the general consents route as the basis for securing the benefits from the LDV.

(2)         That Cabinet notes the method for determining best consideration for the property leases.

(3)         That Cabinet notes the latest capital receipt projections and the reasons for the reduction since the September 2008 report as set out in paragraphs 3.18 to 3.21 and appendix 3.

(4)         That Cabinet approves the risk sharing matrix as set out in appendix 5 as the basis for a financial offer to the LDV.

(5)         That Cabinet approves additional resources of up to £0.2m temporarily funded from General Fund reserves as detailed in paragraph 3.25 needed to further develop and finalise the general consents route and to allocate an appropriate budget to the LDV Board to undertake relevant work to deliver the project including negotiating with funders.

(6)         That Cabinet notes that Cabinet and Full Council have already agreed that the Director of Adult Social Care & Housing be authorised, after consultation with the Cabinet Member for Housing, to take all steps necessary or incidental to the formation of the LDV and implementation of the proposals generally save as to decision on funding options.

(7)         That Cabinet authorises the Director of Adult Social Care & Housing to take all steps necessary or incidental to implement the proposals in this report.

(8)         That an offer be taken to the LDV Board within four weeks of this decision and that a letter be written to Board members for their meeting on 18 January confirming the timetable.