Agenda item - Rainham and Beam Park Regeneration JV LLP. Business Plan and Budget 2020/21

Agenda item

Rainham and Beam Park Regeneration JV LLP. Business Plan and Budget 2020/21

Decision:

Cabinet:

 

  1. Approved the Rainham and Beam Park Regeneration Joint Venture LLP Overarching Business Plan 2020-21, full details of which are contained within the Exempt Agenda Report.

 

  1. Authorised the Councils contribution to support the LLP’s management, design and pre construction contract works and services for Phase 1 delivery in accordance with the Rainham and Beam Park Regeneration Joint Venture LLP Overarching Business Plan 2020-21 contained within the Exempt Agenda Report.

 

  1. 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 any necessary update to the Overarching Business Plan during the period 2020-21.

         

  1. 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.

 

  1. Agreed that the s151 Officer, after consultation with the Cabinet Member for Housing, responds to the service of any notice that may be 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.

 

  1. 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.

 

 

Supporting documents: