Procurement Update PP17156 - Development of 43 New Dwellings at Burton Crescent and Single Storey Office Extension at 27 Burton Road
[To approve an additional contribution from the Housing Revenue Account to fund the award of the contract for the construction of 43 new council houses and a single storey office]
Decision:
1. That a virement of £0.8 million from the Housing Revenue Account Capital Budget for the New Build Programme to increase the total scheme development budget to £6.0 million be approved.
2. That authority be delegated to the Cabinet Member for City Assets and Housing and the Cabinet Member for Resources in consultation with the Service Director Housing and the Director of Finance, to approve agreements including deed of covenants, collateral warranties, assignments and such other ancillary agreements, including capital variations as may be deemed necessary to facilitate the above developments.
Minutes:
Councillor Peter Bilson presented the report that sought approval to a virement of £0.8 million from the Housing Revenue Account (HRA) capital budget for the New Build Programme to complete the delivery of 43 new council houses at Burton Crescent and a single storey extension to 27 Burton Road, Heath Town. A budget of £5.2 million based on an initial estimate of the scheme was approved by the Council as part of the HRA capital programme budget in the HRA Business Plan report approved by Cabinet on 16 January 2018. Tenders received for the contract were higher than estimated leaving a budget deficit of £0.8 million.
Resolved:
1. That a virement of £0.8 million from the Housing Revenue Account capital budget for the New Build Programme to increase the total scheme development budget to £6.0 million be approved.
2. That authority be delegated to the Cabinet Member for City Assets and Housing and the Cabinet Member for Resources in consultation with the Service Director Housing and the Director of Finance, to approve agreements including deed of covenants, collateral warranties, assignments and such other ancillary agreements, including capital variations as may be deemed necessary to facilitate the above developments.