Content

That
 

1. 
The Director of Housing, Planning and Regeneration be authorised,
in consultation with the Director of Finance and the Portfolio
Holder for Resources, Commissioning and Contract Management, to
negotiate Payment Management Plans with Voluntary Sector
Organisations whose financial integrity may be significantly
impacted by rental increases.

 
2. 
A Payment Management
Plan be considered where a rental increase of over 30% has occurred
following a lease renewal or rent review on a Council owned
property let to a Voluntary Sector Organisation.
 
3. 
Payment Management Plans provide a stepped rental increase over a
period of up to 3 three years with the rent payable on the third
anniversary of the lease renewal or rent review being the Open
Market Rent as determined at the prior (increased rent) lease event
adjusted for subsequent CPI (Consumer Price Index)
and with all future rents to be increased annually in line with
CPI.
 
4. 
It be authorise that a Payment Management Plan is a one-off
transitional arrangement to allow a Voluntary Sector Organisation
to adjust to the new increased rent.
 
5. 
The Director of Housing, Planning and Regeneration be authorised,
in consultation with the Director of Finance and the Portfolio
Holder for Resources, Commissioning and Contract Management, to
negotiate repayment plans or other suitable financial arrangements
with Voluntary Sector Organisations outside of the parameters of a
Payment Management Plans as set out in paragraphs 2.2 and 2.3 of
the report. These arrangements may be up to a maximum sum of
£50,000 or if higher only with of the approval of the
Executive.