Issue details

To consider a report of the Cabinet Member for Housing and Leisure Services seeking approval on the Townhill Park Regeneration Framework Financial Model, Delivery Framework and funding for the implementation of Phase 1.  The Townhill Regeneration Framework report approved by Cabinet on 12^th March 2012 focused on approval of the principles of the Regeneration Framework and implementation of Phase 1, subject to approval of an affordability assessment.  The new administration decided at Council on 16^th May 2012 to review the Townhill Park project prior to final approval.  This Cabinet report contains the outcome of that review, including the tenure mix of the scheme, and the report includes consideration and approval of the impact on the Housing Revenue Account business plan, General Fund finances, the implications for the Delivery Framework and the funding of capital expenditure for the implementation of Phase 1.  Following Cabinet in August it is anticipated that this report will be submitted to Council in September 2012.