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: firstname.lastname@example.org.