Issue - decisions

RESOLVED that:

7.1         The Council and the I4B Holdings Ltd should enter into a new four-year Services Agreement to provide a range of support services;

7.2         £50m be made available for drawn-down (by I4B Holdings Ltd) as the final tranche of the £100m PRS funding, to complete the purchase of 300 properties in line with the Cabinet’s agreement of the Temporary Reform Accommodation Plan in March 2016 and the 2017/18 to 2019/20 budget in February 2017;

7.3         The end of I4B Holding Ltd’s first financial year be moved from the end of December 2017 to the end of March 2018 to bring it in line with the Council;

7.4         The appointment of an additional Company Director to the I4B Holdings Ltd Board be agreed;

7.5         I4B Holdings Ltd’s intention to develop its second Business Plan and seek Shareholder agreement at the Cabinet meeting in February 2018 be noted; and

7.6         The establishment of an Equity Investment Framework, restricting the Council’s investment in I4B Holdings Ltd to 25% of total capital invested be approved.