Decision details
Decision Maker: Mid Suffolk Cabinet
Decision status: Recommendations approved
Is Key decision?: No
Is subject to call in?: Yes
Decision:
Report Title/Ref No: BCa/17/14 Home Ownership Review
Decisions Made by Cabinet: 1. That Cabinet approves an introduction of a new lease agreement with revised terms to support moving closer to a cost neutral service and strengthened legal obligations. Assistant Director of Housing to have delegated authority to revise the lease term and conditions based on internal legal practice and advice.
2. That Cabinet approves an implementation of ‘flat rate’ Management Fee Structure of £279.00 per annum for new Leaseholders.
3. That Existing BDC Leaseholders to be excluded from the increased Management Fee until such time the lease can be reviewed and a revised charging mechanism implemented. 4. That Cabinet approves an implementation of a fee structure for 27 types of administration charges set at the current sector average (As set out in Appendix One).
5. That Cabinet approves administration charges are increased annually on 1st April by CPI as at 30th September of the previous year, and a market review every 3 years.
6. That Cabinet approves a 15% Major Work fee of the total contractor costs for the planned works project.
7. That Cabinet approves a revised operating model which projects a saving of £20,258, or 24% of existing structure costs.
Reason for Decisions: To improve service delivery, reduce operating costs, increase income and achieve a cost neutral operating model for Home Ownership Services.
Alternative Options Considered and Rejected: None
Any Declarations of Interest declared: None
Any Dispensation Granted: None
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Publication date: 10/08/2017
Date of decision: 10/08/2017
Decided at meeting: 10/08/2017 - Babergh Cabinet
Effective from: 18/08/2017
Accompanying Documents: