Decision details

1.      That the draft financial business plan included at exempt Appendix B of the report be approved and refer to full Council for consideration.

2.      That subject to approval of the financial business plan by full Council, the Strategic Director with housing responsibility be authorised to:

a)      Finalise the lease of one block of 41 one-bedroom flats at Winnall from the council to Venta Living Ltd.

b)      Approve General Fund capital expenditure of £150,000 for the equity investment in Venta Living Ltd by the council, which is a sufficient level of funding for working capital purposes.

3.      That the soft marketing of the units at Winnall by Venta Living Ltd be authorised so tenancies commence with the minimum of delay following completion subject to full Council agreeing the reserved matters.

4.      That appointment of Fiander Tovell Ltd as external auditors be referred for approval to full Council.

That it be recommended to Council*:

1.      To agree the financial business plan as recommended by Cabinet Committee: Housing.

2.      To approve the appointment of Fiander Tovell Ltd as external auditors to Venta Living Ltd as recommended by Cabinet Committee: Housing.

*NB recommendations to Council are not subject to call-in