Decision

1. That the updated business plan for WV Living 2023-2028 be approved.
2. That authority be delegated to the Cabinet Member for Resources and Digital City in consultation with the Chief Operating Officer and the Director of Finance to approve detailed loan agreements, amendments to any loan agreements and the execution of any loan agreements or other financial instruments between the Council and WV Living.
3. That the Council would continue to act as guarantor for contracts entered into by WV Living where appropriate and that authority be delegated to the Cabinet Member for Resources and Digital City in consultation with the Chief Operating Officer and the Director of Finance to authorise any such guarantees.
4. That the establishment by WV Living of subsidiary companies to act as management companies for developments at The Marches and Hampton Park and the transfer of these management companies to homeowners upon completion of developments be approved.
5. That authority be delegated to the Cabinet Member for Resources and Digital City in consultation with the Chief Operating Officer and the Director of Finance to approve the establishment of additional subsidiary management companies for future developments and the transfer of these management companies to homeowners upon completion of developments.
6. That amendments to WV Living policies as detailed in the report be approved.
7. That in the light of the new Business Plan the Council confirms that it has confidence that WV Living is a going concern for at least the next 12 months.
8. That it be noted that the updated business plans for WV Living would be brought to Cabinet for approval on an annual basis.