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Cambridge City Housing Company - Review of Pilot Phase

The decisions to be made are whether or not to approve:
- that Cambridge City Housing Company Ltd. move from its pilot phase to business as usual;
- that the Council continues its on-going financial support for Cambridge City Housing Company Ltd.;
- the refinancing loan rate;
- the recommended future investment decisions as set out in the report; and
- that a 3rd Director be appointed to the Board of Cambridge City Housing Company Ltd.

Decision type: Key

Reason Key: Aquisition or disposal of land or interest in land over £600,000;

Decision status: Recommendations Approved

Notice of proposed decision first published: 18/12/2018

Decision due: 11 Feb 2019 by Executive Councillor for Strategy and External Partnerships

Lead member: Executive Councillor for Strategy and External Partnerships

Department: Finance

Contact: Caroline Ryba, Head of Finance Email: caroline.ryba@cambridge.gov.uk.

Additional Information: This is a key item and will automatically appear on the agenda.

Background Information: The report presents the review of the pilot phase of Cambridge City Housing Company Ltd. following its first 2 years of trading. It considers whether the pilot phase should be continued, the company should be moved into business as usual, or it should be closed. The report and the review consider the performance of the Housing Company against its original objectives and assesses the risks and potential impacts for the Council as the only shareholder in the company in the future based on the decisions to be made for the future.

Decisions

Agenda items