Decision details

Set out the agreed direction of travel, includes reference to discussions with CLG, discussion around use of surpluses and a draft agreement 

RESOLVED:

1.  That the progress made towards the proposal for ‘self financing’ of the Leathermarket  Joint Management Board (JMB) be noted.

2.  That the development of the proposal through shadowing the financial impact of this initiative during 2012/13 as outlined in paragraph 52 of the report and  the future work to be undertaken as outlined in paragraph 53 of the report be agreed.

3.  That officers develop a variation of the current Modular Management Agreement (MMA), specifically to draw up terms to enable the delegation of control of part of the housing revenue account (HRA) to the Joint Management Board (JMB) and to agree robust monitoring mechanisms to ensure that public funds are protected.  Such agreement to be approved by cabinet, the JMB Board of Directors and the Secretary of State.