RESOLVED
That Cabinet requests Full Council approves that:
a) the appropriation of all garages from the HRA to the General Fund as at 1 April 2021, with the exception of those garages that are included within a Crawley Homes’ tenancy agreement
b) when any of the garages currently included within a Crawley Homes’ tenancy agreement falls outside of that tenancy, the Head of Corporate Finance in consultation with the Head of Crawley Homes be given delegated authority to use the powers under Section 122 of the Local Government Act 1972 to transfer such garages from the HRA to the General Fund.
Reasons for the Recommendations
Property has to be accounted for within the HRA if it is currently provided under Part II of the 1985 Housing Act. Where property no longer meets that purpose, the Council should consider removal from the HRA.
The proposed transfer will reduce the debt on the HRA and fund the building of new homes.
The proposed transfer will reduce the budget gap in the General Fund as laid out in the Budget Strategy.