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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