Housing Revenue Account will take a hit for Northampton Partnership Homes to move to the St. Peter’s Way site.
Northampton Defend Council Housing notes:
Northampton Partnership Homes have confirmed that they will relocate to the National Grid Site B and pay a commercial rent, understands that the proposed relocation would represent an additional cost to the Housing Revenue Account that Northampton Partnership Homes will produce operational efficiency savings to offset the forecast additional revenue cost to the HRA from its Management Fee
The Council will want to satisfy itself that the proposed purchase works in value for money terms for both the General Fund and the Housing Revenue Account. Further work completed supports that this will be the case for the General Fund but not for the Housing Revenue Account
NPH have confirmed that they wish to proceed with the relocation and they will be responsible for identifying the necessary level of revenue savings and efficiencies.
Intention to Hold Part of the Meeting in Private
There is an intention to hold part of the meeting in private – Item 16 -Land off St Peter’s Way: Evaluation of Business Case – (Private Appendix)
Exempt Information means information falling within the following seven categories outlined in schedule 12A of the Local Government Act 1972: Part 1
Item 16 – Land off St Peter’s Way: Evaluation of Business Case – Private Appendix contains sensitive commercial information relating to a firm or individual can be found within the appendix. Therefore, it has been exempted under schedule 12A, Part 1, (3) “Information relating to the financial or business affairs of any particular person (including the authority holding that information)”.