1.
that the acquisition of four residential properties in Torbay,
supported by £551,500 of Local Authority Housing Fund Round 3
(LAHF3) grant awarded by the Ministry of Housing, Communities and
Local Government (MHCLG) be approved;
2.
that the specific acquisition of the first three identified units,
being three 3-bedroom houses as outlined in Exempt Appendix 1
(subject to the satisfactory conclusion of all necessary due
diligence). Such properties to be used
as either Temporary Accommodation, or for families that would
otherwise be living in Temporary Accommodation that have a local
connection to Torbay and require this type of assistance, be
approved;
3.
that authority be delegated to the Director of Finance, in
consultation with the Cabinet Member for Housing and Finance, to
identify a suitable 4-bedroom home, and to approve the purchase of
such a property (subject to the satisfactory conclusion of all
necessary due diligence) to support the Afghan Resettlement
Programme (ARP), as outlined in Exempt Appendix 1 (and as a
condition of the LAHF3 grant);
4. that authority be
delegated to the Head of Strategic Housing and Delivery, in
consultation with the Cabinet Member for Housing and Finance to
agree and finalise the terms to acquire all of the homes and
procure all necessary support services to facilitate the
acquisitions, including any necessary legal and financial
arrangements; and
5.
that Council be recommended that:
The Capital Programme be uplifted by a maximum of £1,301,500
to acquire the four properties, part-funded by a grant of
£551,500 from the Ministry of Housing, Communities and Local
Government. The remaining balance of
£750,000 to be funded by a combination of: prudential
borrowing; revenue savings from existing Temporary Accommodation
budgets; or any other relevant internal subsidy or receipts that
may be appropriate. With delegated
authority to the Director of Finance, in consultation with the
Cabinet Member for Housing and Finance to agree the precise balance
of funding sources to be deployed.
