Decision:
RESOLVED: That Cabinet approved:-
1. The revised scheme costs for the St Michael’s Avenue Housing Development to be financed from a reprioritisation of existing schemes within the Council’s Housing Investment Programme;
2. The Council entering into a build contract with the preferred contractor;
3. The appropriation of the 16 Council rented units into the Housing Revenue Account, which will be managed by Berneslai Homes on the Council’s behalf;
4. The appropriation of the 6 private rented units to Berneslai Homes Ltd (‘The Company’), which will be held separately from the Housing Revenue Account and let at an affordable market rent; and
5. The Council’s intention to sell the remaining 13 units for private sale on the open market.
Minutes:
RESOLVED: That Cabinet approved:-
1. The revised scheme costs for the St Michael’s Avenue Housing Development to be financed from a reprioritisation of existing schemes within the Council’s Housing Investment Programme;
2. The Council entering into a build contract with the preferred contractor;
3. The appropriation of the 16 Council rented units into the Housing Revenue Account, which will be managed by Berneslai Homes on the Council’s behalf;
4. The appropriation of the 6 private rented units to Berneslai Homes Ltd (‘The Company’), which will be held separately from the Housing Revenue Account and let at an affordable market rent; and
5. The Council’s intention to sell the remaining 13 units for private sale on the open market.