Issue - meetings

Housing Development Company

Meeting: 29/07/2020 - Cabinet (Item 123)

123 Next phase modelling of the housing development programme (Part A Report) pdf icon PDF 188 KB

Leader and Cabinet Member for Finance and Growth will report at the meeting.  Report attached.

 

Minutes:

The Leader presented a Part A report updating Cabinet on the modelling of the development programme for housing development as well as work on likely delivery options.

 

Delegated decision:

 

Cabinet agrees to:

 

1) Note the progress towards a business case for c500 new homes development programme.

2) Progress to the next stage of planning with a total budget of a maximum of £119k taken out of reserves.

3) To bring a further report to Cabinet later this year with a full business case for final approval for a delivery model

 

Reasons for the decision:

 

The feasibility work to date indicates that there is merit in proceeding to “full business plan” stage.

        

Other option considered and rejected:

 

To reject the recommendations.