Issue - decisions
Housing PFI – Tenancy Conversions
22/01/2016 - Housing Tenancy Conversions
(i) that it be noted that the revised Project Agreement was entered into in April 2015;
(ii) that it be noted that the projected financial deficit at the end of the contract, without exercising the option to convert PFI units to alternative tenures, has increased due to the impact of external factors since the last report to Cabinet;
(iii) that up to 122 units of Temporary Accommodation be converted to `Discounted Market Rent units, as set out in the report, and the Strategic Director Community Well-being, in consultation with the Chief Finance Officer and the Chief Legal Officer be delegated authority to issue to Brent Coefficient Limited a schedule setting out the units to be allocated as Discounted Market Rent units in accordance with the Project Agreement.