Purpose

The report will provide
updates on housing development projects, acquisitions and disposals across
Eastbourne.

Content

(Key
decision):
 
(1) To approve the updated Bedfordwell Road
business case in accordance with Appendix 1 (Exempt) to the report,
subject to securing the necessary funding to meet the remaining
financial viability gap and the capacity of the 30-Year HRA
Business Plan.
 
(2) To approve a pre-contract capital budget
allocation within the Housing Revenue Account (HRA) of up to
£100k to allow limited enabling works and surveys to be
undertaken, mitigating the risk of delays to programme as/when full
funding has been secured.
 
(3) To delegate authority to the Assistant
Director – Property and Development, in consultation with the
Director of Finance and Performance (S151 Officer) and the Lead
Member for Housing and Homelessness, to make the necessary
allocations within the HRA Capital Programme, and to take all
necessary actions to deliver the project, including development,
lettings, and sales, as well as determining and executing all
leases, contracts, funding agreements and other related
documentation.