Agenda and decisions

Members are asked to declare any interests in the items under consideration and in doing so state:

(1) the type of interest concerned either a

(a)   personal interest

(b)   prejudicial interest

(c)    disclosable pecuniary interest (DPI)

and

(2) the nature of the interest concerned

If any member requires advice on declarations of interests, they are advised to contact the Head of Democratic Governance in advance of the meeting.

The Executive agreed the recommendations as outlined above namely:

1. To take possession of 77 flats from current Council tenants and seek to acquire 4 flats from leasehold owners through voluntary agreement at 19-29 Troutbeck Crescent, and make Home Loss and Disturbance payments in accordance with statutory requirements.

2. To authorise the preparation of one or more Compulsory Purchase Orders in relation to the acquisition of leasehold and any other relevant interests to support site assembly at 19-29 Troutbeck Crescent, the making of any subsequent Order being subject to further Executive approval.

3. To suspend the usual re-letting of 1 bedroom flats elsewhere at Mereside so that there are sufficient alternative Council homes available for tenants moving from 19-29 Troutbeck Crescent.

4. Once vacant possession has been acquired, and subject to the relevant planning approvals, to demolish the 81 existing flats at 19-29 Troutbeck Crescent to make available a site for new housing development.

5. To bring a further report to Executive for approval when plans for new development on the site have been drawn up and are ready to be taken forward.

The Executive agreed the recommendations as outlined above namely:

1. To authorise the provision of a £27,100,000 plus fees loan over a 25-year repayment period to the Foundation Trust, on the terms outlined in Paragraph 5.4.

2. To delegate to the Director of Resources the approval of any further detailed terms for the provision of the loan.

3. To authorise the Council’s Deputy Head of Legal Services to draw up and enter into a suitable legal agreement with the Foundation Trust.

The Executive agreed the recommendations as outlined above namely:

That authority is provided for the revised project funding through debt finance, in the form of Prudential Borrowing as detailed in Appendix 4a to the Executive report.