Extraordinary Full Council Meeting - Motion F

The meeting, to be held at the Civic Centre Wood Green, on February 7th at 7:30 will be open to the public.

There is only one item on the agenda - Motion F

This Council notes the recent collapse of Carillion PLC and its impact on the current housing regeneration scheme in Sunderland and the risk this poses to Sunderland City Council and local taxpayers.

Further notes the similarities the situation in Sunderland has with the joint venture with a large private company in Haringey through the Haringey Development Vehicle (HDV).

This Council believes:

• Investment is required to improve the borough’s council housing estate
• The HDV scheme, as currently proposed, is too large and the risks, too great to continue
• Any new regeneration scheme needs to protect tenants, leaseholders and local businesses and put them at its heart
• All councillors should have a free public vote on their views on the future of the HDV
• The recent comments from the Member of Parliament for Tottenham saying “Even more reason to pause HDV in Haringey before signing up to a joint venture with large private company.”

This Council resolves

• To stop the current plans to dispose of any Council assets through the HDV
• To carry out further assessments of funding available to regenerate Council homes in the borough
• For officers to report back to Full Council in the summer with new options