Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
Cabinet will be asked to approve the Rainham
and Beam Park Regeneration LLP Business Plan 2019/2020. In addition Cabinet approval will be sought
to:
·
bring forward LBH equity allocation to the Rainham and Beam Park
Regeneration LLP from 2019/20 into 2018/19
·
Approve additional budget allocation to include the related site
known as NR01 within the Regeneration Scheme
Decision:
Cabinet:
-
Approvedthe draft Rainham and Beam
Park Regeneration Joint Venture LLP Overarching Business Plan
2019-20, full details of which are contained within the Exempt Agenda Report.
-
Agreed
that the Leader of the Council
and Cabinet Member for Housing after consultation with the s151
Officer, the Chief Executive Officer and the Director of Legal and
Governance, approve the finalised Overarching Business Plan
2019-20, and possible later incorporation of an additional site
known as the ‘Rainham Opportunity
Site’ as may be presented
during the Business Plan 2019-20 period.
-
Agreed to Endorse and
Recommend to Council the budget
allocation set out in this report to include the related site known
as ‘Rainham Opportunity Site’ with the Rainham and Beam
Park Regeneration Scheme.
-
Agreed
that the s151 Officer, after
consultation with the Cabinet Member for Housing, responds to the
service of any notice as described in Section 8.4 of this report,
served by the Rainham and Beam Park Regeneration Joint Venture LLP,
indicating a willingness or otherwise to participate in making
third party debt available from the Council, subject to contract
and due diligence.
-
Agreed
that the s151 Officer, after
consultation with the Chief Executive and The Leader of the
Council, may enter into funding agreements consistent with the
Treasury Management Strategy and Council’s Scheme of
Delegation.
-
Agreed the
revised capital profile which brings forward £1.5m capital
expenditure from 2019/20 to 2018/19.
Publication date: 14/02/2019
Date of decision: 13/02/2019
Decided at meeting: 13/02/2019 - Cabinet
Accompanying Documents: