Commercial advice contract to support Council clienting function of OCHL, the Council's wholly owned housing company
Decision Maker: Executive Director (Communities and People)
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: No
Cabinet, at its meeting on 09 September 2020, delegated authority to:
1. The Director of Housing, in consultation with the Cabinet Member for Affordable Housing; the Head of Financial Services/Section 151 Officer; and the Council’s Monitoring Officer, to enter into agreements for the purchase of land, and any other necessary agreements or contracts and/or spend within the identified budget, for the provision of additional affordable housing; and
2. The Chief Executive, in consultation with the Cabinet Members for Finance and Asset Management, and Affordable Housing, to approve any property or development purchases over £500,000 for affordable housing, within this project approval and budget envelope.
To contract with consultants to provide commercial advice on a programme of affordable housing sites.
The funding for this agreement to be paid initially from the HRA revenue budget – using the HRA scheme feasibility budget. As schemes progress into delivery, the costs of this advice, on a scheme by scheme basis, will then be capitalised into the acquisition cost of that scheme, as it brought into the HRA.
Reasons for the decision:
To enter into contract with Montague Evans.
Signed off by senior officers:
Paul Leo, Director of Housing.
Decision taken in consultation with the Cabinet Member for Affordable Housing; the Head of Financial Services/Section 151 Officer; and the Council’s Monitoring Officer.
Publication date: 28/04/2021
Date of decision: 01/03/2021