To note the final Housing Revenue Account budget for approval will be presented to Cabinet in February, 2015.  The report will also set out the average rent and tenants service charges increase for 2015/16.

[Note – there is a follow up Issue that went to Cabinet on 4 February 2015]

DECISION

1.             To agree an average 2015/16 weekly rent increase for tenanted Council dwellings of 2.5%, which equates to an average weekly increase of £2.75 (paras 4.8.7 & 4.8.8) from the first rent week in April 2015.

2.             To agree that the average weekly tenanted service charge increase will be £0.20 from the first rent week in April 2015.

3.             To agree that, with effect from April 2015, vacated Council properties will be re-let at formula rent.

4.             To note that the Housing Revenue Account (HRA) budget will be presented to Cabinet for approval in February 2015.

Action by:

CORPORATE DIRECTOR, DEVELOPMENT AND RENEWAL (A. DALVI)

(Senior Accountant (HRA) (K. Ball)