Issue - meetings
First Wave Housing Business Plan 2019/20
Meeting: 11/02/2019 - Cabinet (Item 18)
18 First Wave Housing Business Plan 2019/20 
PDF 94 KB
This report presents the First Wave Housing Ltd (FWH) 2019/20 Business Plan to Cabinet for Shareholder approval.
Additional documents:
- 18.1 Appendix 1 - FWH Business Plan 2019-20 v11, item 18
PDF 142 KB
- 18.1a FWH Buisness Plan (Appendix 1) - Exempt Information Financial Forecast , View reasons restricted (18/3)
- 18.1bFWH Business Plan (Appendix 2) - Risk Register, item 18
PDF 60 KB
Decision:
RESOLVED that:
i) Cabinet approved the Business Plan as set out in appendix 1 to of the report from the Chief Executive.
ii) Cabinet agreed to the proposal for FWH to have the flexibility to consider the product and rent level for each portfolio property on its re-let.
iii) Cabinet agreed to the proposal for the Council’s asset management team to create a maintenance plan detailing the investment required to repair its stock.
iv) Cabinet delegated authority to the Chief Finance Officer to agree terms for the disposal of the four properties as outlined in paragraph 3.9 of the report from the Chief Executive.
Minutes:
Councillor Margaret McLennan, Deputy Leader, introduced the report presenting the First Wave Housing Ltd 2019/20 Business Plan to Cabinet for shareholder approval. Attention was drawn to the proposals to grant flexibility to FWH to consider the product and rent level for each portfolio property and for the council’s asset management team to create a maintenance plan to detail the investment required to repair its stock. Councillor McLennan highlighted that some initial work had been carried out which identified the potential benefits of aligning i4B and First Wave Housing and further analysis of the various options and implications was ongoing.
In considering the recommendations detailed in the report, the Cabinet had before them an appendix not for publication as it contained the following category of exempt information as specified under paragraph 3, Part 1 of Schedule 12A of the Local Government Act 1972, namely “Information relating to the financial or business affairs of any particular person (including the authority holding that information)".
RESOLVED that:
i) Cabinet approved the Business Plan as set out in appendix 1 to of the report from the Chief Executive.
ii) Cabinet agreed to the proposal for FWH to have the flexibility to consider the product and rent level for each portfolio property on its re-let.
iii) Cabinet agreed to the proposal for the Council’s asset management team to create a maintenance plan detailing the investment required to repair its stock.
iv) Cabinet delegated authority to the Chief Finance Officer to agree terms for the disposal of the four properties as outlined in paragraph 3.9 of the report from the Chief Executive.