Decision details

St Michael's Housing Development - Financial Update (Cab.16.11.2022/9)

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

Set out the current financial position of the scheme and seek approval to finance additional contractual claims, overall project cost increase and contingency.

Decisions:

RESOLVED that Cabinet:-

 

1.    Approves the revised scheme cost increase of £0.6M. The scheme has previously been approved by Cabinet and is to be financed from a combination of HRA Reserves, 1-4-1 receipts and Berneslai Homes Surplus; and

2.    Approves the sale of 6 housing units originally earmarked for private rent via Berneslai Homes.

Publication date: 16/11/2022

Date of decision: 16/11/2022

Decided at meeting: 16/11/2022 - Cabinet

Effective from: 23/11/2022

Accompanying Documents: