Housing Market Renewal Finance Report
- report by Joel Gouget, Finance Manager
Minutes:
Joel Gouget, Finance Manager, presented a report highlighting the various external funding streams approved to deliver Rotherham’s Housing Market Renewal Programme in 2006/08 and the current value of planned activity within the Programme.
The report also set out the potential financial risks at the end of the 2006/08 period in the light of financial uncertainties created by the transfer of responsibility for the HMR Pathfinder initiative from the Office of the Deputy Prime Minister to the Department of Communities and Local Government., the change of ministerial leadership and the City Region agenda.
The HMR Team had reported a HMRP funded Capital Programme of £18.2M which included regional overprogramming of £1.6M and an additional 10% Rotherham overprogramming of £1.8M. The regional overprogramming was endorsed by the TSY Board to compensate for the clawback of funding from Programme cutbacks in 2005/06.
Tim Devine, Development Surveyor, gave a verbal update on the situation with regard to strategic acquisitions in the Town Centre.
Agreed:- (1) That the report be noted.
(2) That the level of overprogramming be noted.
(3) That the delivery plan be approved, project activity prioritised and a reserve of projects created to be implemented subject to resources and approval.
(4) That regular reports be submitted on the funding position and the delivery of reserve projects.