39 Creation of Capital Property Purchase Fund PDF 75 KB
To consider a report by the Leader of Purbeck District Council.
Minutes:
The Committee considered a report by the Leader of Purbeck District
Council on the formation of a capital property purchase fund for the purchase
of houses to help meet the housing needs of the community, noting that the
beneficiaries for the Dorset Council would be the residents of Dorset and not
only the residents of Purbeck as part of its Housing Strategy.
The consideration of Dorset County Council properties to help achieve
the aims of the fund was raised as exploration of sites could open
opportunities to convert buildings for future housing use. It was noted that this could be explored as
part of the housing approach and the fund could be used for this.
Members discussed the financial considerations needed when making decisions
at sovereign councils as the budget of Dorset Council would be modelled
differently to councils and could therefore have different interest
implications if funded through borrowing.
It was agreed that the concurrent view of Section 151 Officers should be
incorporated into this type of report in future to give a steer on the
financial impact and viability of the proposal in the wider Dorset Council
financial strategy. The Interim Section
151 Officer confirmed that the proposal was acceptable.
Decision
That the recommendations detailed within the report, to be decided upon
by Purbeck District Council, be supported.