Purpose

To seek approval of investment for the
acquisition of up to 75 homes for use as Temporary
Accommodation.

Content

The Committee
RESOLVED (unanimous vote in favour):
1. To approve the
proposal to spend up to £33,383,400 in PWLB borrowing on the
acquisition of up to 75 homes for use as Temporary Accommodation
subject to:
a. the Full
Business Case being signed off; and
b. the
£33,383,400 (or such other amount as agreed) being approved
within the Council’s full budget for the 2025/26 financial
year.
 
2. To authorise
the Executive Director: Growth and Regeneration in consultation
with the S151 Officer and Chair of the Strategy and Resources
Policy Committee to take all steps required to sign off and
implement the Full Business Case.