Decision details

To receive the draft Housing Revenue Account estimates 2019-20 for the purposes of finalising proposals for service.

The Executive received a report which set out the Council’s draft Housing Revenue Account (HRA) budgets for 2019-20.  The Executive welcomed the positive news that the Government had announced the removal of the HRA Borrowing Cap and it was noted that draft legislation had been circulated.  Following a question regarding the Sheerwater Regeneration Scheme, Officers advised that the Sheerwater Regeneration Oversight Panel had been informed that the leisure development had not started as a legal agreement had not been reached with Bishop David Brown School.  Officers further advised that the Council would still be able to meet its objective to provide the leisure facilities before the housing development happened.  The Executive was advised that it was hoped to bring a planning application to the Planning Committee to allow the Regeneration Scheme to start in Spring 2019.

RESOLVEd

That the draft Housing Revenue Account budgets for 2019/20, as set out in Appendix 1 to the report, be agreed for consultation with the Corporate Management Group and Portfolio Holder.

Reason:   Consideration of these proposals will enable the preparation of the Council’s Housing Revenue Account budgets for 2019/20 to proceed.

Cllr Azad, Portfolio Holder, and Business Managers.