That the following were recommended to the Cabinet:
(1) That, subject to any minor amendments agreed with the Housing Portfolio Holder (including bid amounts and borrowing profiles), the Director of Communities be authorised to submit four separate bids to Homes England for additional Housing Revenue Account (HRA) borrowing approvals, for four separate “schemes” totalling £8.052million in year 2021/22, with the borrowing profiles as set out in the report;
(2) That the Council’s Chief Financial Officer reports to a future meeting of the Finance and Performance Cabinet Committee on the most appropriate way to arrange the additional HRA borrowing when required; and
(3) That the Cabinet noted that, due to the deadline for bids being 7th September 2018, the Chairman of Council had been requested to determine that the call-in provisions of Rule 53 of the Overview and Scrutiny Rules, contained within the Council’s Constitution, can be disregarded for this decision – the Chairman’s decision will be reported orally.