a) That the contents of the report be noted.

b) That authority be delegated to the Corporate Director for Place, in consultation with the Executive Member for Housing and Regeneration and the Corporate Director of Governance and Community Strategy, to agree the terms and structure for a joint venture arrangement.

c) That the Leader of the Council, the Corporate Director of Place and the Chief Executive or her nominee be nominated as the Council Representatives on the Executive Boards of the respective joint venture companies.

d) That, subject to the satisfactory completion of due diligence, the acquisition be approved of the properties by the JV companies on the terms set out in the report.

e) That the provision be approved of a corporate loan facility to the joint venture partner on terms similar to those set out in the report.

f) That authority be delegated to the Corporate Director for Place, in consultation with the Corporate Director of Governance and Community Strategy and the Corporate Director for Finance and Systems, to make minor amendments to the terms of the proposed agreements.

g) That authority be delegated to the Corporate Director of Governance and Community Strategy to enter into all legal agreements required to implement the above recommendations.