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Decision details

Item under APR16 Special Urgency - Dunmail Housing Scheme

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

1.  Agreed that the Council provides a rental guarantee, not exceeding £500k over the life of the lease, to secure investment to develop 40 Private Rent Sector homes as set out in Appendix A.

 

2.  Agreed that the Council seeks a share in any financial or equivalent returns, where these are achieved, and delegates to the Strategic Director Place and the Service Director Finance to agree the terms of an arrangement.

 

 

Urgent item?: Yes

Publication date: 16/05/2017

Date of decision: 16/05/2017

Decided at meeting: 16/05/2017 - Cabinet

Effective from: 24/05/2017

Accompanying Documents: