Purpose

1. To seek
approval for the Full Business Case (FBC) for the conditional
assignment of a property lease from a Registered Provider of Social
Housing and to conditionally approve the release of capital.
2. To update cabinet on options for extending the lease with the
Hospital Trust for 24 units of accommodation.

Content

That Cabinet:

1.     
Approved the Full Business Case at Appendix A and exempt appendix I
and the allocation of the capital budget up to £980,000, to
support the delivery of the refurbishment of the city centre
flats.

2.     
Approved the assignment of a property lease from a Registered
Provider of Social Housing, pending a satisfactory property review
to confirm the costs set out in the Full Business Case
(£980,000).

3.     
Authorised the Executive Director – Growth and Regeneration
in consultation with Cabinet Member with responsibility for Housing
Delivery and Homelessness and the Director of Finance (S151
Officer) to take all steps required to negotiate the assignment of
the property lease and procure and award contracts (which may be
over the key decision threshold) for the refurbishment of the city
centre flats for use as TA.

4.     
Authorised the Executive Director – Growth and Regeneration
in consultation with Cabinet Member with responsibility for Housing
Delivery and Homelessness and the Director of Finance (S151
Officer) to take all steps required to negotiate the extension of
the lease with the Hospital Trust, to maximise savings through the
continued use of the 24 flats for TA.