Purpose

Decision to support the delivery of Round 3 of
the Local Authority Housing Fund programme which will deliver 4
homes for Afghan families. The properties will be purchase on the
open market via LAHF grant passported via the Council together with
additional borrowing from the existing ADL Loan Agreement.
Therefore, in accordance with the Shareholder Agreement 2018,
updated in 2022, Aequus must seek
approval from the Shareholder for Reserved Matters 22 and 28.

Decision

To approve the reserved matters below to allow Aequus Development Limited (ADL) to progress with
supporting the Council to deliver this programme:
 
· 
Reserved
Matter 22 – approval of total asset acquisitions that will
exceed £500,000 but less than £5m per
annum
 
· 
Reserved
Matter 28 – Making any borrowing.