Issue details

Brick by Brick Croydon Ltd Update Report

The report provides Cabinet with an update with regards to Brick by Brick Croydon Ltd, a wholly owned housing development company.

 

The report also seeks a number of delegations related to possible buy-back options and asset purchases.

 

Decision type: Key

Reason Key: Expenditure > £1,000,000;

Decision status: For Determination

Wards affected: (All Wards);

Notice of proposed decision first published: 22/11/2022

Reason for urgency:
The types and significance of the recommendations and delegations were reviewed.
First scheduled as a non-key decision, a review of the latest report and recommendations, means the decision type has changed, and is now being submitted under general exception and identified as a Key Decision.
The report includes details of a range of recommendations and delegations and due to the overall on-going financial position of the council, cannot reasonably be delayed as may prejudice the council financial interests.

Anticipated restriction: Part exempt  - View reasons

Financial Impact: Expenditure or savings of up to £1,000,000;

Decision due: 30 Nov 2022 by Cabinet

Lead member: Cabinet Member for Finance

Lead director: Interim Corporate Director of Resources (Section 151)

Department: Resources Directorate

Contact: Nish Popat, Interim Head of Corporate Finance Email: nish.popat@croydon.gov.uk.