Cheltenham Borough Council
Cheltenham Borough Council

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Agenda and decisions

Venue: Municipal Offices, Promenade, Cheltenham, GL50 9SA

Contact: Rosalind Reeves, Democratic Services Manager 

Items
No. Item

1.

Apologies

Cabinet Member Housing, Councillor Peter Jeffries

2.

Declarations of interest

3.

Minutes of the last meeting pdf icon PDF 115 KB

Minutes of the meeting held on 10 July 2018

4.

Public and Member Questions and Petitions

These must be received no later than 12 noon on the fourth working day before the date of the meeting

5.

Discretionary Business Rate Reliefs pdf icon PDF 75 KB

Report of the Cabinet Member Finance

Decision:

RESOLVED THAT

 

The Executive Director Finance and Assets, in consultation with the Cabinet Member for Finance, be authorised to determine a revised percentage relief level for the Local Revaluation Support in 2017/18 as detailed in section 2.4 of this report.  

 

6.

Housing Investment Plan pdf icon PDF 195 KB

Report of the Cabinet Member Housing

Decision:

RESOLVED THAT

 

1 ) Council be recommended to:

a)  approve a grant of £300,000 to Cheltenham Borough Homes Limited (‘CBH’) to enable it to fund the costs set out in section 3.2 of the report to support the development of this initiative.

b) subject to tax and treasury management advice being provided to the satisfaction of the Executive Director Finance and Assets (Section 151 officer), to approve the council entering into an appropriate credit / loan agreement with CBH for up to £100 million to finance the capital costs of delivery of the new housing by CBH.

c) delegate authority to the Executive Director Finance and Assets to, in consultation with the Borough Solicitor and Cabinet Member Housing, agree the use of commuted sums paid to the council in lieu of affordable housing to enable the provision of ‘additionality’ as detailed in section 2.5 of the report.

 

d) approve the council sourcing loan finance of up to £100 million to be used for onward lending to CBH to finance the capital costs of it delivering the housing as set out in this report.

 

2 ) Authority be delegated to the Executive Director Finance and Assets to, in consultation with the Managing Director Place and Growth and Cabinet Member Housing and Cabinet Member Finance, sign off viability assessments received from CBH

 

3) Authority be delegated to the Executive Director Finance and Assets to, in consultation with the Cabinet Member Housing and Cabinet Member Finance, approve the drawdown of funds by CBH

 

4) Authority be delegated to the Executive Director Finance and Assets to, in consultation with the Managing Director Place and Growth and Cabinet Member Housing and the Borough Solicitor, prepare and conclude the required agreements between the council and CBH.

 

 

7.

Property Leasehold Disposal - Part of the Mary Godwin Under Fives Pavilion, Wyman's Lane, Cheltenham pdf icon PDF 92 KB

Report of the Cabinet Member Finance

(the meeting will need to go into exempt session if Members wish to discuss the exempt appendices)

Additional documents:

Decision:

RESOLVED THAT

 

1.    the disposal of part of the pavilion shown edged red on the attached plan (currently in occupation by the prospective tenant) be approved by way of a new lease for a term of 10 years (contracted out of the Landlord and Tenant Act 1954), subject to any objections received.

2.    a rent of £2,150 per annum be charged exclusive of business rates, service charge, utilities and insurance and upon such other terms as the Head of Property and Asset Management may direct.

 

8.

Briefing from Cabinet Members

9.

Local Government Act 1972 - Exempt Business

The Cabinet is recommended to approve the following resolution:-

 

“That in accordance with Section 100A(4) Local Government Act 1972 the public be excluded from the meeting for the remaining agenda items as it is likely that, in view of the nature of the business to be transacted or the nature of the proceedings, if members of the public are present there will be disclosed to them exempt information as defined in paragraphs 3 and 5, Part (1) Schedule (12A) Local Government Act 1972, namely:

 

Paragraph 3; Information relating to the financial or business affairs of any particular

person (including the authority holding that information)

 

Paragraph 5; Information in respect of which a claim to legal professional privilege could be maintained in legal proceedings”

10.

Exempt minutes

Exempt minutes of the meeting held on 10 July 2018