Decision details

Consideration to establish organisational structures for a Local Housing Company.

1.    That the setting up of:

a.         A wholly owned subsidiary company (Development Company) and

b.         A Charitable company be approved

2.    That approval be given to the draft company documentations set out in Appendices 2 – 6, and that authority be delegated to the Director of Housing and Regeneration in conjunction with the Assistant Director (Legal and Democratic Services) and the Cabinet Member for Housing and the Leader to finalise.

3.    That a detailed business case be developed for suitable Council-owned land for development through the Development company for further consideration by the Cabinet be agreed.

4.    That consultancy spend of up to £50,000 towards the cost of legal, property and tax/financial advice in relation to setting up the company structures and developing detailed business cases for the first phase delivery sites be approved.