Decision details
Potters Place
Decision Maker: Head of Communities
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
Subject to Audit and Governnce Committee
agreeing to the inclusion of CYMCA as an investment partner of the
Council on 22 July 2019, that the decision agreed at Cabinet on
12th of June is now implemented, to:
1) The Council provides a loan for £1.3m to support the
acquisition of a 48-unit premises in Gloucester to provide
supported/temporary accomodation.
2) In addition to provide a grant of £100,000.00 for the same
scheme.
3) The Council enters into a nomination agreement with CYMCA in
respect of the above units to alleviate homelessness.
Decision:
Subject to Audit and Governance Committee agreeing to the inclusion of CYMCA as an investment partner of the Council on 22 July 2019, that the decision agreed at Cabinet on 12th of June is now implemented, to:
1) The Council provides a loan for £1.3m to support the
acquisition of a 48-unit premises in Gloucester to provide
supported/temporary accommodation.
2) In addition to provide a grant of £100,000.00 for the same
scheme.
3) The Council enters into a nomination agreement with CYMCA in
respect of the above units to alleviate homelessness.
Reasons for the decision:
This property acquisition provides an almost ready to go solution within an extremely short timescale. Other options could be pursued, however some of these would have involved planning permission or construction work delaying the availability.
Alternative options considered:
A review of other options available at this time will be unlikely able to deliver sufficient units quickly enough and the cost liability will continue for some time.
Publication date: 23/07/2019
Date of decision: 22/07/2019