Issue details - Transformation project - Generating income through Housing

Transformation project - Generating income through Housing

Statutory Notice PDF 301 KB

The Council, at its meeting held on 22 September 2016, has agreed the principle of setting up a new wholly owned development company to develop and own homes with the overarching aim of maximising income back to the Council and supports outcomes in the housing strategy. The proposal outlines the necessary due diligence to explore the objectives listed in paragraph 2.5 to the submitted report and to recommend:

· The appropriate company structure and Governance arrangements;

· Financial modelling and stress tests and flows to council; and

· Benefits and risks.

Decision type: Key

Reason Key: Capital expenditure +£250,000 and outside Capital Plan;

Decision status: Recommendations Approved

Wards affected: (All Wards);

Notice of proposed decision first published: 22/07/2016

Decision due: 22 Sep 2016 by Council

Decision due: 23 Feb 2017 by Council

Decision due: April 2017 by Director of Adult Services and Housing

Decision due: 6 Apr 2017 by Council

Decision due: 4 May 2017 by Assistant Director Corporate and Business Services

Decision due: 18 May 2017 by Elected Mayor

Decision due: 22 Jun 2017 by Council

Decision due: 20 Jul 2017 by Council

Lead member: Executive Lead for Planning, Transport and Housing

Lead director:

Contact: Liam Montgomery, Managing Director Email: liam.montgomery@torbay.gov.uk.

Consultation process

Series of briefings and circulation of papers.

Consultees

Financial Services, Mayors Executive Group, Senior Leadership Team, Overview and Scrutiny and all Members.

If you want to make representations contact:: Caroline Taylor, Director of Adults, 1st Floor Tor Hill House, Union Street, Torquay, TQ2 5QW telephone (01803) 208949, email caroline.taylor@torbay.gov.uk/Liam Montgomery, Head of Asset Management and Housing, Torbay Development Agency, 3rd Floor Tor Hill House, Union Street, Torquay, TQ2 5QW, telephone (01803) 208066, email liam.montgomery@tedcltd.com

Decisions

31/03/2017 - Transformation project - Generating income through Housing - Memorandum and Articles of Association
04/04/2017 - Transformation Project - Housing Policy Framework
24/05/2017 - Transformation project - Housing Policy Framework
13/06/2017 - Transformation Project - Housing Companies Policy Framework
29/06/2017 - Mayor's Response to the Council's Objection to the Transformation Project - Housing Companies Policy Framework Document
28/11/2017 - Transformation project - Generating income through Housing

Agenda items

22/09/2016 - Council Transformation project - Generating income through Housing 22/09/2016
15/02/2017 - Overview and Scrutiny Board Transformation project - Generating income through Housing 15/02/2017
23/02/2017 - Council Transformation Project - Generating Income through Housing 23/02/2017
06/04/2017 - Council Transformation Project - Housing Policy Framework Document 06/04/2017
12/07/2017 - Overview and Scrutiny Board Transformation project - Generating income through Housing Policy Framework Document 12/07/2017
20/07/2017 - Council Mayor's Response to Objection to the Transformation project - Generating income through Housing Policy Framework Document 20/07/2017