Issue details

Housing Revenue Account: Additional Borrowing for New Build Development

Summary

This report will provide details of a proposal for the Housing Revenue Account (HRA) to borrow additional funds, which will be a matter for consideration and approval by Full Council, to explore the purchasing of sites, at varying stages of development, as and when a financially viable development opportunity presents itself.

 

Access to Information

The report together with any other documents being considered (unless they contain exempt information) will be available for inspection 5 clear days before the decision is taken by the Cabinet. Copies are available on the Council's website or requested from Democratic Services Medway Council, Gun Wharf, Dock Road, Chatham, Kent, ME4 4TR or email democratic.services@medway.gov.uk If you wish to submit information to the Cabinet about the item please also contact Democratic Services.

 

It is noted that the Local Authorities (Executive Arrangements)(Meetings and Access to Information)(England) Regulations 2012 requires 28 clear days’ notice of the intention to make a key decision.

 

On this occasion it has not been possible to provide this 28 clear days’ notice and therefore Section 10 (General Exception) of the above regulations have been complied with. It was not possible to include this report on the Forward Plan with 28 days’ notice because the evaluation process had not been concluded by that point.

 

Notice of Intention to Conduct Business in Private

This report will contain some information which the Cabinet may decide to consider in private. This is because, in the view of the Proper Officer, consideration of the information in public would give rise to the disclosure of exempt information as described in paragraph 3 of Schedule 12A of the Local Government Act 1972 - information relating to the financial or business affairs of any particular person (including the authority holding that information). Should you wish to make any representation for the discussion of this item to be held in public, you should contact: Democratic Services, Medway Council, Gun Wharf, Dock Road, Chatham, Kent, ME4 4TR or email democratic.services@medway.gov.uk

 

It is noted that the Local Authorities (Executive Arrangements)(Meetings and Access to Information)(England) Regulations 2012 requires 28 clear days’ notice of a Cabinet meeting to be held in private. On this occasion it has not been possible to provide this 28 clear days’ notice. The Chairman of the Business Support Overview and Scrutiny Committee has agreed, in accordance with the provisions of the 2012 Regulations, that this matter is both urgent and cannot be reasonably deferred until the next Cabinet meeting on 4 August 2020 to enable the Cabinet to make a recommendation to Full Council on 16 July 2020 in respect of the approval of funding, as otherwise, the earliest opportunity to submit a report to Full Council would be 8 October 2020.

 

The Cabinet’s response to any representations will be published on 29 June 2020 within the Cabinet Agenda. A final decision on whether this item will be determined in private will be taken during the meeting.

Decision type: Key

Decision status: For Determination

Notice of proposed decision first published: 22/06/2020

Decision due: 7 Jul 2020 by Cabinet

Lead member: Councillor Howard Doe, Deputy Leader and Portfolio Holder for Housing and Community Services howard.doe@medway.gov.uk

Lead director: Richard Hicks

Department: Regeneration, Culture and Environment

Contact: Mark Breathwick, Head of Housing Email: mark.breathwick@medway.gov.uk Tel: 01634 333540.

Relevant Overview and Scrutiny Committee:: Business Support

Agenda items