1) To approve the business case for the acquisition, by Welland Homes Ltd, of seven houses for the purposes of a market rental investment
2) That the refreshed business plan and budget is approved and included as an amendment in the SHDC Quarterly report to members.
3) That delegated authority be granted to the Deputy Chief Executive (Corporate Development) and S151, to (i) approve the terms of any loan agreements required; (ii) approve the value and the profile of any periodic cash flow payments to be made to the Company, as required to support the Company in the acquisition of the proposed investment properties.
4) To reaffirm the delegated authority, granted by Council on 25th March 2015, to 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.
5) To delegate to the Deputy Chief Executive (Corporate Development) and S151, to agree the contractual matters (including the terms and conditions which may represent a minor variation to the scheme approved in the business case) such as signing the contract/transfer document and other incidental actions that may be required, and approving the associated due diligence and valuation required to purchase the properties.