Decision details

B Cabinet to agree revised proposals for the Housing PFI project and to confirm resource allocations to the project.

1.      The work of external advisors in producing assessment criteria to assist in producing a scaled back Expression of Interest in PFI is noted.

2.      A decision has been made, in the light of the reports on the scaled back bid and the revised financial implications whether to proceed with the PFI project.

3.      The inclusion of Eastfield and Thorplands estates in the scaled back bid is approved.

4.      The Director of Housing is authorised, in consultation with the Portfolio Holder, to submit the revised bid after the financial assumptions have been scrutinised by the new team of external advisors

5.      The financial implications of proceeding with the bid as set out in section 4.2 of the report are noted and a call has been made for regular monitoring reports to be provided on progress and project expenditure

6.      A report is called for on the way forward for the two estates not included in the PFI project.