DECISION

1.    To note the update on scheme delivery and the Council’s CPO in paragraphs 3.2.1 to 3.2.12 of the report.

2.    To note the update on actual and projected expenditure, scheme funding and potential overage in paragraphs 3.3.1 – 3.3.14 of the report.

3.    To approve an increase in the capital budget for the scheme to £20.3 million, as set out in paragraphs 3.3.2 to 3.3.8 of the report.

Action by:

CORPORATE DIRECTOR, DEVELOPMENT AND RENEWAL (A. DALVI)

(Housing Regeneration Manager (N. McGowan)

(Service Head, Strategy, Regeneration and Sustainability (J. Odunoye)

Councillor Rachel Blake, Cabinet Member for Strategic Development, introduced the report. The Mayor welcomed the report as a demonstration of good regeneration work the Council was engaged in. He agreed the recommendations as set out in the report.

RESOLVED

1.    To note the update on scheme delivery and the Council’s CPO in paragraphs 3.2.1 to 3.2.12 of the report.

2.    To note the update on actual and projected expenditure, scheme funding and potential overage in paragraphs 3.3.1 – 3.3.14 of the report.

3.    To approve an increase in the capital budget for the scheme to £20.3 million, as set out in paragraphs 3.3.2 to 3.3.8 of the report.