Decision details
Housing Revenue Account (HRA) 2022 - 25 Capital Programme: Latest position
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
The three-year Housing Revenue Account Capital
Programme for 2021/22 and future years from 2022-25 of
£411.927m, of which £323,129m is allocated to the new
council homes programme, was approved by Full Council on 16th March
2022. Following a review and refresh of the approved programme, to
reflect the ambitions of the new administration, a revised HRA
Capital Programme has been proposed.
This report seeks approval by Cabinet for a revised HRA Capital
Programme for the three-year period from 2022-25, for which funding
has been identified and allocated.
Subject to budget approval, new schemes that have been added to the
Capital Programme will be progressed through the governance process
to ensure that the pace of delivery is maintained.
Decision:
The Pre-Decision Scrutiny Question and officer response were noted.
DECISION
1. To approve the budget allocations for new schemes being added to the programme as substitutes for previously approved schemes which are being removed, subject to sign off through the capital governance process and agreement to proceed given by the Corporate Director, Place in consultation with the Mayor and the Corporate Director, Resources.
2. To approve the addition of Buckhurst Street, Smithy Street, Candy Street, housing on the St Georges Leisure Centre site, the purchase of 9 completed homes at Royal Mint Street, the conversion of Albert Jacob House to be funded by the removal of the Ashington House scheme and unallocated grant and s106, subject to sign off through the capital governance process and agreement to proceed given by the Corporate Director of Place in consultation with the Mayor and Corporate Director, Resources.
3. To approve the removal of the housing companies from the capital programme.
4. To approve the virement of £2.098m from the THH capital works budget of £90.200m for essential works at Watney Market car park
5. To approve delegated authority to the Corporate Director, Place, in consultation with the Mayor and the Corporate Director, Resources, to substitute schemes within the Approved HRA Capital Programme.
6. To note that schemes funded by future capital receipts (RTB receipts) and/or s106 contributions will not go ahead until such funds have been received by the Council.
7. To approve delegated authority to the Corporate Director of Place in consultation with the Mayor and the Corporate Director of Resources for all activities required to deliver the approved capital programme, for example but not exclusively, go out to tender, appoint consultants and contractors in accordance with the Procurement Procedures, acquire land interests, appropriate land from the General Fund to the Housing Revenue Account (HRA) for the delivery of new council homes and other rights of appropriation, subject to approved budget.
8. To note the Equalities Impact Assessment and specific equalities considerations as set out in Section 4 of the report.
Action by:
CORPORATE DIRECTOR, PLACE (A. SUTCLIFFE)
INTERIM CORPORATE DIRECTOR, RESOURCES (K. BARTLE)
(Interim Capital Programme Manager (Housing) (J. Abraham)
Report author: Jane Abraham
Publication date: 02/12/2022
Date of decision: 30/11/2022
Decided at meeting: 30/11/2022 - Cabinet
Effective from: 10/12/2022
Accompanying Documents:
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