Issue - meetings

To consider the report of the Director of Environment and Neighbourhoods providing an update on the outcome of the Government Value for Money review of the national housing PFI programme and its impact on the above project, the resultant changes required to the project scope, the affordability of the project following the changes and notifying Members of the Key Decision taken by the Director of Environment & Neighbourhoods approving changes to the project scope and affordability and the re-submission of a Pre-Preferred Bidder Final Business Case for the project to the Homes and Communities Agency.

The appendices to this report are designated as exempt under Access to Information Procedure Rule 10.4(3)and(5).

The Director of Environment and Neighbourhoods submitted a report providing an update on the outcome of the Government Value for Money Review of the national housing PFI programme and its impact upon the Little London, Beeston Hill and Holbeck PFI project, the resultant changes required to the project scope, the affordability of the project following such changes and on the recent Key Decision taken by the Director of Environment & Neighbourhoods. 

Members received an update on the current position of the project.

The report provided details of the equality impact assessment which had been undertaken in respect of this matter.

Following consideration of the appendices 1 and 2 to the submitted report, designated as exempt under Access to Information Procedure Rule 10.4(3), and appendix 3 to the same report, designated as exempt under Access to Information Procedure Rules 10.4 (3) and (5), which were considered in private at he conclusion of the meeting, it was

RESOLVED –

(a)  That the outcome of the government value for money review be noted.

(b)  That the overall changes and cost variations to the project be noted.

(c)  That the re-submission of an amended Pre-Preferred Bidder Final Business Case under the Director Delegation Scheme as detailed in paragraph 7.1 of the submitted report, be noted.

(d)  That the revised overall affordability position, as detailed in exempt appendix 2 of the submitted report, be noted.

(e)  That it be noted (without affecting the resolutions of the meeting of this Board on 9th March 2011 including those granting authority to enable the Project to reach financial close) that it is anticipated that a further report be brought to a future Board meeting in due course with details of the Pre-Financial Close affordability.

(Councillors Finnigan and Dobson both declared personal interests in relation to this matter, due to their respective positions as Aire Valley Homes ALMO Board Members).