Issue - meetings

Joint Venture - Raven Housing Trust and Reigate and Banstead Borough Council

Meeting: 30/01/2020 - Partner, Shareholder and Trustee Executive Sub-Committee (Item 68)

68 Joint Venture - Raven Housing Trust and Reigate and Banstead Borough Council

Supporting documents:

Decision:

RESOLVED that the Head of Legal and Governance, in consultation with the Director of People and the members of the Commercial Ventures Executive Sub-Committee and Executive Member(s) with responsibility for Housing, be authorised to finalise terms for and establish a Joint Venture Limited Liability Partnership between Reigate and Banstead Borough Council and Raven Housing Trust, in line with the objectives set out in the report.

Minutes:

Councilllor T Archer, Portfolio Holder for Investment and Companies, presented the ‘Joint Venture - Raven Housing Trust and Reigate and Banstead Borough Council’ report.

The CVESC discussed how the joint venture would be structured and it was noted that further advice would be sought to fully establish the tax implications.  It was also noted that, once established, the joint venture would consider each prospect separately to establish the social/affordable/market housing opportunities at each site and would seek the necessary approval for each project using the commercial venture checklist where appropriate as not all projects would be commercial. 

Councillor M Brunt confirmed his support for the Council to work with Raven. 

RESOLVED that the Head of Legal and Governance, in consultation with the Director of People and the members of the Commercial Ventures Executive Sub-Committee and Executive Member(s) with responsibility for Housing, be authorised to finalise terms for and establish a Joint Venture Limited Liability Partnership between Reigate and Banstead Borough Council and Raven Housing Trust, in line with the objectives set out in the report.

Reason for decision: The recommended action would facilitate effective future joint working between Reigate and Banstead Borough Council and Raven Housing Trust to deliver housing, particularly affordable housing, in the borough, thereby supporting the objectives of the Council’s Corporate Plan and Housing Delivery Strategy.

Alternative options: To authorise the Head of Legal and Governance to negotiate with RHT to establish a different delivery model, or not authorise the Head of Legal and Governance to finalise terms for and establish a Joint Venture Limited Liability Partnership between the Council and RHT.