Issue - meetings

To consider the report of the Director Finance.

Agreed:

RECOMMENDED that Council approve: -

(1)   the increase of Council dwelling rent by 1.5% from 1 April 2021;

(2)   the increase of garage rent by 1.5% from 1 April 2021; and

(3)   the increase of Service Charges by 1.5% from 1 April 2021, with the exception of charges detailed in paragraph 13.3 of the report.

Reason for Decision: As set out in the report.

The Executive received the report which set out the proposed changes to Council dwelling rents, garage rents and service charges with effect from 1 April 2021.

Particular reference was made to the following:-

·         the impact of Covid-19 had resulted in a lower increase in charges in the Medium Term Financial Plan with approximately £2.3 million less of budgeted rental income over the period to 2024/25 mitigated by the re-profiling of planned capital works over a longer period;

·         rentals compared favourably with other socially rented properties and the open market; and

·         the Council’s continued commitment to re-invest in its housing stock, such as retro-fitting of its properties as well as building new homes.

RECOMMENDED that Council approve: -

(1)  the increase of Council dwelling rent by 1.5% from 1 April 2021;

(2)  the increase of garage rent by 1.5% from 1 April 2021; and

(3)  the increase of Service Charges by 1.5% from 1 April 2021, with the exception of charges detailed in paragraph 13.3 of the report.