Issue - meetings

Resolved: the committee noted the report.

James Masini (Regeneration and New Supply Manager) introduced the report. The following key points were noted:

1.1  The council is currently assessing the impact of the Government’s decision to increase the interest rate for borrowing from the Public Works Loan Board (PWLB). It is expected that there will be an impact on some future schemes.

1.2  If Achilles Street Estate residents decide that estate regeneration should take place, the council has committed within its offer that residents will only need to move once.

1.3  Resident leaseholders of Achilles Steet will be offered the independently assessed market value of their home and a statutory Home Loss compensation payment of 10% of the agreed value of their home.

1.4  Precision Manufactured Homes, such as those being developed at Edward Street, Mayfield, and Home Park, are more energy efficient, quicker to develop, and provide the council with a better idea of costs. 

Resolved: the committee noted the report.