Decision Maker: Executive

Outcome: For Determination

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: February 3, 2025

Purpose:

Content: Following consideration of the officer report, appendices, and discussion, the Executive resolved to endorse the recommendations and refer to Full Council for approval:   1.    Rent Setting for 2025/26  a.    An increase of 2.7% on Dwelling Rents for 2025/26 in line with the Governments Rent Standard.  b.    An increase of 2.7% for Sheltered and Extra Care housing rents in line with the dwelling rents increase.   c.     An increase of 2.7% for Shared Ownership properties.  d.    An increase of 2.7% on affordable rental tenures, with the rent being reviewed at relet based on 80% of open market rent capped at the LHA rate.  2.    Fees & Charges for 2025/26  a.    The service Charges for 2025/26 as shown in Appendix A for Homes in Sedgemoor and Appendix B for the In-House Service.  b.    An increase of 2.7% for garage rents in the North.  c.     A freeze on garage rents in the West.  d.    An increase of 1.7% on temporary accommodation daily rates.  e.    An increase of 1.7% for Meeting Hall hourly rental rates.  f.      An increase of 1.7% for Guest Room charges.  g.    To discontinue the lifeline subsidy from 1 April 2025 for all new tenants (whereas existing tenants will still benefit from this protection).  3.    To note that the Revenue Budget for 2025/26, Capital Budget for 2025/26 to 2029/30, MTFP and 30-Year Business Plan Update will be presented to a later Executive / Full Council in February 2025.