Issue - meetings

To consider recommendations of the Cabinet in respect of:

a)    Acquisition of S106 affordable housing for the Housing Revenue Account – To set out details of the potential for the authority to acquire eight s106 affordable homes on a development site in the district (Cabinet agenda item 8 and exempt item 13) (Cabinet minute 80);

b)    Acquisition of housing for the Housing Revenue Account – To set out details of the potential for the authority to acquire twelve new build homes for Affordable Rent tenure, on a development site in the district (Cabinet agenda item 9 and exempt item 14) (Cabinet minute 81);

c)    Welland Homes Business Plan Update incorporating Holbeach Road, Spalding – To present a business case to Cabinet and to present to Council, as sole shareholder for Welland Homes Ltd, a proposal from the company to purchase six houses for the purposes of market rental investment and an updated Welland Homes Business Plan (Cabinet agenda item 10 and exempt item 15) (Cabinet minute 82).

Consideration was given to the report of Cabinet which sought approval for the Cabinet’s recommendations:

a)    Acquisition of S106 affordable housing for the Housing Revenue Account

The report was presented to the Council by the Portfolio Holder for Assets and Planning who commented that this item and the other two items for agreement at this point were positive news stories for the Authority.

DECISION:

To amend the Capital Programme to identify the project as an approved scheme in the 2021/22 Budget.

b)    Acquisition of housing for the Housing Revenue Account

The report was presented to the Council by the Portfolio Holder for Assets and Planning.

DECISION:

To amend the Capital Programme to identify the project as an approved scheme in the 2021/22 Budget.

c)    Welland Homes Business Plan Update incorporating Holbeach Road, Spalding

The report was presented to the Council by the Portfolio Holder for Assets and Planning.

DECISION:

1.    That the updated Welland Homes Business Plan be approved, and included as an amendment in the next SHDC Quarterly report to members; and

2.    That the delegated authority, granted by Council on 25^th March 2015, to the Executive Director – Commercialisation (the S151 Officer), to approve the final mix of use of reserves and borrowing in line with the business plan and Council Treasury Management Strategy, be reaffirmed.

(The Leader left the meeting at the start of consideration of this item, and re-joined the meeting following consideration of all the items on the report).