The Cabinet Member, in consultation with the Leader of the Council and Deputy Mayor of the Cambridgeshire and Peterborough Combined Authority:
1. Approved the purchase of up to 50 homes from the open market inside and nearby Peterborough to a total value of £10m, funded from the Invest to Save Budget, to provide temporary accommodation and homes for affordable rent to meet demand from homeless households in the Peterborough administrative area.
2. Delegated to the Director of Law and Governance the authority to finalise and put in place any agreements and legal documentation needed to give effect to these proposals, in consultation with the Corporate Director of Growth and Regeneration and the Acting Corporate Director, Resources.
3. Delegated to the Director of Growth and Regeneration the authority to spend up to a total acquisition cost of £500k per property (in respect of this programme only) including stamp duty, professional fees and disbursements, subject to the requirements and processes set out in the business case attached as an appendix to this report.
Appendix 1 is NOT FOR PUBLICATION in accordance with paragraph (s) 3 of Schedule 12A of Part 1 of the Local Government Act 1972 in that it contains commercially sensitive information relating to the business affairs of the Council. The public interest test has been applied to the information contained within the exempt annex and it is considered that the need to retain the information as exempt outweighs the public interest in disclosing it.
Decision type: Key
Reason Key: Expenditure or savings greater than £500,000;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 22/06/2018
Anticipated restriction: Part exempt - View reasons
Explanation of anticipated restriction:
The decision will include a Business Case which will contain relevant financial information. The public interest in not disclosing this information will outweigh its disclosure as any disclosure would prejudice the commercial interests of the Council or its partners
Decision due: Not before 4th Dec 2018 by Cabinet Member for Resources
Lead member: Cabinet Member for Resources
Lead director: Adrian Chapman
Department: People and Communities
Contact: Adrian Chapman, Service Director Community & Partnerships and Deputy Director: People and Communities (Peterborough) Tel 01733 863887 Email firstname.lastname@example.org email@example.com Tel: 01733 863887.
The issues associated with homelessness in Peterborough have been subject to significant discussion in various forums, including the Council's Adults and Communities Scrutiny, Cabinet and Full Council
Relevant Scrutiny Committee: Growth, Environment and Resources Scrutiny Committee