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Item under APR16 Special Urgency - Dunmail Housing Scheme
Meeting: 16/05/2017 - Cabinet (Item 13.)
13. Item under APR16 Special Urgency - Dunmail Housing Scheme 
PDF 91 KB
Additional documents:
- 13 Cabinet report Appendix A 19_05_17 final, item 13.
PDF 141 KB
- 13 Cabinet report Appendix C 19_05_17 v1.1, item 13.
PDF 82 KB
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.