Agenda and decisions

Cabinet - Wednesday, 20th October, 2021 7.30 pm

Venue: Council Chamber - Town Hall. View directions

Contact: Debra Marlow tel: 01708 433091  e-mail:  debra.marlow@onesource.co.uk

Media

Items
No. Item

1.

Announcements

On behalf of the Chairman, there will be an announcement about the arrangements in case of fire or other events that might require the meeting room or building’s evacuation.

2.

Apologies for absence

(if any) - receive

3.

Disclosures of Interest

Members are invited to disclose any interests in any of the items on the agenda at this point of the meeting. Members may still disclose an interest in an item at any time prior to the consideration of the matter.

4.

Minutes pdf icon PDF 232 KB

Decision:

Cabinet:

 

Agreed the minutes as a true and correct record of the meeting held on 7th July, 2021 and authorised the Chair to sign them as such.

5.

Update of the Council's Medium Term Financial Strategy (MTFS) and budget for 2022/23 pdf icon PDF 729 KB

Decision:

Cabinet:

 

 

1.    Noted the financial context and position set out in the report

 

2.     Agreed the proposed consultation process and associated timetable as set out in section 6 of the report.

 

6.

Housing Allocations Policy 2021 pdf icon PDF 462 KB

Additional documents:

Decision:

Cabinet:

 

 

1.     Approved the Housing Allocation Scheme attached in appendix 1 of the report.

 

7.

Housing Asset Management Strategy pdf icon PDF 371 KB

Additional documents:

Decision:

Cabinet:

 

1.    Adopted the Housing Asset Management Strategy and the associated action plan as set out in Appendix 1 of the report.

 

8.

DECISION TO EXCLUDE THE PRESS AND PUBLIC

The report included in agenda item 8 contains exempt documents, namely Appendix A.  Cabinet will consider whether the public and press should  be excluded from the meeting on the grounds that it is likely that, in view of the nature of the business to be transacted or the nature of the proceedings, if members of the public were present during that item there would be disclosure to them of exempt information within the meaning of paragraph 3 of Schedule 12A to the Local Government Act 1972; and, if it is decided to exclude the public and press on those grounds, Discussion of public papers can be transacted in public. Cabinet to resolve accordingly on the motion of the Chairman in relation to discuss on exempt matters.

 

Decision:

Cabinet agreed to exclude the public and the press at this stage.

9.

PHISH - Private Housing Investment for Settled Homes Proposal pdf icon PDF 472 KB

Additional documents:

Decision:

For the reasons set out in this report and its appendices Cabinet agreed that the Council:

 

1.    Acting as Shareholder to MLH, approve the Company Business Case with heads of terms attached at exempt Appendix 1 of the report.

 

2.    Enters into a service contract with MLH for the acquisition of assets to house homeless families delegated to the Director of Housing in consultation with Lead Cabinet Member for Housing.

 

3.    Enters into loan agreements at market rate with the Company of up to £62,319,000 including delegating to the Chief Finance Officer, the ability to authorise drawdowns, refinance against the loan facility and approve the terms in consultation with the Lead Cabinet Member for Finance. This is to be in place throughout the duration of the loan in line with the agreement including ensuring appropriate secure charges are registered to protect the Council’s interest as lender against each asset purchased.

 

4.    Enters into agreements with MLH whereby the Council HRA provide the relevant support services associated with the management of the assets delegated to the Director of Housing in consultation with Lead Cabinet member for housing.