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Housing Revenue Account (HRA) Mid-Year Financial Review

20/05/2015 - Housing Revenue Account (HRA) Mid-Year Financial Review

Opportunity to Bid to Increase the Housing Revenue Account (HRA)

 

The Committee noted that the former Executive Councillor for Housing had approved the delegation of authority to the Director of Customer and Community Services to agree a bid under the Local Growth Fund :Housing Revenue Account Borrowing Programme (2015 /16 & 2016/17)

 

This decision was required as the deadline for bids to the £300m fund was on 16 June 2014.

 

The Head of Strategic Housing informed the Committee that he would be happy to arrange a briefing in July post committee on the bid process.

 

***See below for record of delegated Officer’s Decision***

 

CAMBRIDGE CITY COUNCIL

Officer Executive Decision - Record

 

Please return this form and any background papers to Democratic Services for adding to the Council’s records of decision for publication.

 

 

Decision(s) taken:

A bid was submitted to the Local Growth Fund but was unsuccessful.

Decision of:

Director of Customer and Community Services.

Date of decision:            

20/05/15

 

 

Matter for Decision:

Delegation of authority to the Director of Customer and Community Services to agree a bid under the Local Growth Fund: Housing Revenue Account Borrowing Programme (2015 /16 & 2016/17).

Any alternative options considered and rejected:

 

On further analysis of the bid criteria it was became clear that a successful bid was not viable for the Council.

 

 

Reason(s) for the decision including any background papers considered:

Available on request.

 

Conflicts of interest and dispensations granted by the Chief Executive:

 

If you consider that any councillor consulted when being asked to take a decision has a conflict of interest, you should consult Simon Pugh, Head of Legal Services for advice as a dispensation granted by the Chief Executive for the councillor may be arranged.

 

Other Comments:

 

 

Reference:

14/17/HSC: Record of Urgent Decision: Opportunity to Bid to Increase the Housing Revenue Account (HRA)

 

Contact for further information:

Alan Carter – Alan.Carter@cambridge.gov.uk – 01223 457948