Decision details

(1)        That the proposal from the Department of Communities and Local Government (CLG) to make a voluntary offer to stock-holding local authorities in February 2010 on a proposed debt re-allocation, or settlement, with effect from April 2011 to replace the Housing Revenue  Account (HRA) subsidy system be noted;

(2)        That if or when an offer be received from the CLG, the Finance and Performance Management Cabinet Committee be requested to consider the issues and to recommend to the Cabinet a response from the Council, holding one or more special meetings of the Cabinet Committee if necessary to meet the deadline for the Council’s response;

(3)        That the Cabinet’s proposed response to the CLG offer be recommended to the Council for approval;

(4)        That the Tenants and Leaseholders Federation be requested to consider this issue and to provide its views to the Cabinet Committee, and that the Chairman of the Federation be invited to attend the meeting(s) of the Cabinet Committee to take part in the discussions; and

(5)        That the proposed appointment of the Council’s Housing Revenue Account Business Planning Consultant to advise officers and the Cabinet Committee on this issue be noted.