Agenda item - New Homes For Neighbourhoods - Scheme Approval Victoria Road

Report of the Executive Director Economy Environment & Culture (copy attached)

RESOLVED: That the Committee –

(i)            Approved the site within the redline boundary (see Appendix 1) to be appropriated to the HRA from the General Fund for a capital receipt of £1.454m for planning purposes;

(ii)          Delegated authority to the Executive Director of Environment, Economy and Culture to appropriate for housing purposes once the development is complete;

(iii)       Approved a budget of £12.914m financed by HRA borrowing, right to buy receipts and Government Land Release funding to form part of the HRA capital programme for 2019/20 – 2021/22.

88.1    RESOLVED: That the Committee –

(i)            Approved the site within the redline boundary (see Appendix 1) to be appropriated to the HRA from the General Fund for a capital receipt of £1.454m for planning purposes;

(ii)          Delegated authority to the Executive Director of Environment, Economy and Culture to appropriate for housing purposes once the development is complete;

(iii)       Approved a budget of £12.914m financed by HRA borrowing, right to buy receipts and Government Land Release funding to form part of the HRA capital programme for 2019/20 – 2021/22.