Issue - decisions

Resolved:  (i)      That the core vision and scope of the programme be approved, with each site to be considered for development through a detailed site development business case.

                   (ii)      That the establishment of a company wholly owned by the council, for the purpose of residential development, be approved, noting the timescales associated with this process.

                   (iii)     That the development company be added to the scope and responsibilities of the existing Shareholder Committee.

                   (iv)     That a financial resource allocation be approved as set out in paragraphs 28 and 29 of the report, for external design, cost consultant, legal and financial advice, and to enable the appointment of a suitably qualified and experienced interim Managing Director for up to 12 months, to assist in the formation of a development company and in the production of a five year business plan.

                   (v)     That the recruitment decision and remuneration package for the interim Managing Director be delegated to the Leader and Deputy Leader of the Council, in consultation with the Corporate Director of Health, Housing & Adult Social Care and the Corporate Director of Economy & Place.

                   (vi)     That the steps required to fully investigate the potential to deliver sites through a development agreement with a partner or partners be noted.

                   (vii)    That it be noted that a framework for the development partner agreement will be produced and brought to the Executive for approval prior to starting the formal procurement process.

Reason:     To progress with the building of much needed new homes in the city.