Issue - meetings

In accordance with Procedure Rule 43.6, the Leader of the Council had agreed to take this report as an urgent item to enable the Council to comply with Government deadlines.

The Cabinet had agreed to establish a joint committee with Cheshire West and Chester Council called the “Joint Extra Care Housing Management Board”.  The Board’s main task would be to consider the Outline Business Case for Extra Care Housing PFI.  The financial situation for the project had changed and the Cabinet now considered a report which (a) outlined the process for pursuing PFI funding; (b) outlined the re-modelled financial position; and (c) sought approval to proceed to the next stage of the PFI application process.

RESOLVED

That, for the reasons set out in the report:

1.                  the remodelled financial position, allowing the Joint Extra Care Member Board to approve the re-submission of the Outline Business Case for Extra Care Housing Round 5, be approved;

2.         in approving this remodelled financial position, the Cabinet note that Cheshire East Council was committed to a maximum annual contribution of £168,000. This was based on the number of rental units within the Council’s boundary, including a prudent assumption that “Supporting People” income would not be realised;  if this sum were realised, the annual contribution, net of “Supporting People” income reduced to £84,000.