Homes for Disabled Children - Acceptance of a Capital Grant, Further Capital Borrowing and Future Homes for Children with a Disability
Report of the Director of Children’s Services
(Listing Officer: Paul Smith, Tel: 024 7697 6744)
Minutes:
Further to Minute 63 above, the Cabinet considered a private report of the Director of Children’s Services, setting out the commercially confidential matters relating to the acceptance of a capital grant and further capital borrowing for the commissioning and provision of an additional home for children with a disability, and to scope out the potential for a second new build property that could be used for the purpose of a children’s home.
RESOLVED that the Cabinet:
1) Approves the acceptance of a Department for Education grant if awarded and the proposal to spend the grant award for the commissioning and provision of an additional children’s home.
2) Approves capital expenditure of £0.5m to be met from prudential borrowing and in the absence of the Department for Education grant award, the full £1m be met from prudential borrowing.
3) Delegates authority to Director of Finance and Corporate Resources and the Director of Law and Governance, City Solicitor and Monitoring Officer, to negotiate final terms and approve entry into the grant funding agreement to secure the Department for Education funding with the City Council acting as the Accountable Body for the funding and any other agreements as required for further borrowing and future homes.
4) Tasks officers to scope out the potential for a second new build property that can be used for the purpose of a children’s home.