Funding and Works Agreements (FWAs) with each of the owners of Nos. 8, 9, 12 and 14 Bruce Grove (four FWAs in total) in relation to the Bruce Grove Forecourts works.

March 19, 2024 Assistant Director for Regeneration and Economic Development (Officer) Approved View on council website

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Summary

...to approve entering into Funding and Works Agreements with the owners of four properties on Bruce Grove to facilitate grants totaling £679,041.14 for forecourt works, with the property owners contributing 10% of the total project costs and granting the Council a license to carry out the works.

Full council record
Content

Approval, pursuant to CSO 17.3 and 9.07.1(c),
to enter into Funding and Works Agreements (FWAs) with each of the
owners of 4 properties on Bruce Grove, London N17 6RA, as
follows:

FWA with Shian Housing Association Limited (SHA) in relation to
works to No. 8 Bruce Grove, London N17 6RA. The FWA will enable a
grant of £133,202.81 to be given to SHA;

FWA with Mastmead Limited in relation to works to No. 9 Bruce
Grove, London N17 6RA. The FWA will enable a grant of
£188,236.55 to be given to Mastmead Limited;

FWA with 12 Bruce Grove Freehold Limited (12BG) in relation to
works to No. 12 Bruce Grove, London N17 6RA. The FWA will enable a
grant of £178,168.58 to be given to 12BG; and

FWA with Cedar Place Residents Association (Bruce Grove) Limited
(CPRA) in relation to works to Cedar Place (No. 14 Bruce Grove),
London N17 6RA. The FWA will enable a grant of £179,433.20 to
be given to CPRA.

Noting that under the FWAs, the property owners will grant a
licence to the Council to carry out the works and make a
contribution of 10% towards the total costs of the works to each of
the named properties (collectively, the Bruce Grove
Forecourts).

Supporting Documents

Funding and Works Agreements FWAs with each of the owners of Nos. 8 9 12 and 14 Bruce Grove fou.pdf

Details

OutcomeRecommendations Approved
Decision date19 Mar 2024