132 Investment in Private Rented Sector
ENTo receive a report from the Director of Health, Housing and Adult Social Care & Director of Finance, Resources and Customer providing details of the borrowing requirement for the investment in private rented sector scheme.
(Report No.189A)
Please note Report No.184A on the Part 1 agenda also refers.
Members are asked to note that the recommendations in the report were approved by Cabinet on 12 February 2014, with Council being asked to approve the addition of the borrowing requirement for the scheme on the Council’s Capital Programme. (Key Decision – Reference Number 3782)
(This document contains exempt information as defined in Paragraph 3 (information relating to the financial or business affairs of any particular person (including the authority holding that information) of Schedule 12A to the Local Government Act 1972 as amended).
Minutes:
RECEIVED a joint report (Report No. 189A) from the Director of Health, Housing and Adult Social Care and the Director of Finance, Resources and Customer Services providing further details of the borrowing requirement for the Investment in Private Rented Scheme.
NOTED the report had been submitted for consideration in conjunction with Report 184A on the Part 1 Agenda. (Min.122 refers).
AGREED
(1) To approve the addition of the capital borrowing requirement detailed within the report, to the capital works programme over a five year period and to note that a phased approach would be taken to the purchase of properties, based on housing need and market availability.
(2) To note that the terms and content of borrowing decisions would be subject to the Council’s existing governance and Treasury Management arrangements.
The above recommendations were put to the vote and approved with the following result:
For: 31
Against: 0
Abstentions: 15
(Exempt information as defined in Paragraph 3 (information relating to the financial or business affairs of any particular person (including the authority holding that information)) of Schedule 12A to the Local Government Act 1972 as amended).