Decisions for issue Housing Delivery Options - Wholly Owned Housing Company

That the Committee:

1)    Give delegated authority to the Executive Director of Economy, Environment & Culture in consultation with the Executive Lead Officer for Strategy Governance & Law and Executive Director of Finance & Resources to:

a.    progress a wholly owned Special Purpose Vehicle or Housing Company to support the provision of additional homes in the city;

b.    agree and authorise execution of documentation required to implement the model;

c.    make the appointments to the management board;

2)    Note that future projects will come back to committee for approval including any business plans and the disposal of land/sites.

(1)  That Housing & New HomesCommittee

(i)    recommends the report to Policy, Resources & Growth Committee as out at paragraph 2.2 subject to the below details at (2) .first coming back to a future meeting of the Housing & New Homes Committee to be approved.

(ii)   Recommends the below details are provided to all members, and a final decision to proceed with a wholly owned council housing company be approved by a meeting of Full Council.

(2)  That Policy, Resources and Growth Committee:

(i) Give delegated authority to the Executive Director of Economy, Environment & Culture in consultation with the Executive Lead Officer for Strategy Governance & Law and Executive Director of Finance & Resources to:

a. progress a wholly owned Special Purpose Vehicle or Housing Company to support the provision of additional homes in the city;

b. agree and authorise execution the preparation of documentation required to implement the model;

c. make the appointments to the management board; which will include the Chair, Opposition Spokesperson and Minority Group Spokesperson of the Housing and New Homes Committee.

(ii) Note that future projects will come back to committee for approval including any business plans and the disposal of land/sites.