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RESOLVED to approve:

1)   
The revised delivery approach for the Building for Lewisham
programme, which includes the strategy to put the schemes at
Drakes, Greystead, Valentine Court and Fairlawn on hold to enable
funding capacity for schemes that are in-contract and/or pipeline
opportunities.  

2)   
The budget allocation as set out in Part 2 of this report for the
proposed works to rectify latent defects at Longfield Road, the
appointment of a specialist consultant to undertake these works,
and to delegate authority to Executive Director of Place, in
consultation with the Director of Law and Corporate Governance, to
agree the instruction of United Living or the procurement of an
alternative contractor, to carry out the works, provided the
contract value is within authorised limits set out in Part 2 of
this report.

3)   
The transfer of £660,000 of section106 funding from Home Park
to Bampton Road as set out within part 2 of this report.

4)   
The procurement of a contractor to complete the development project
on Algernon Road utilising the surplus in the development
programme, as set out in part 2 of this report and to authorise the
subsequent award of contract provided the contract value is within
the authorised limits set out in Part 2 of this report.
Mayor  and Cabinet are further asked to delegate
authority to Executive Director of Place, in consultation with the
Director of Law and Corporate Governance, to select the procurement
route, final form of contract and to enter into the subsequent
award of contract to the preferred contractor, provided the
contract value is within authorised limits set out in the Part 2
and the contractor selection is in accordance with the award
criteria published in the tender documentation.

5)   
The revised financial position and budget implications to the HRA
and GF as set out within part 2 of this report.
RESOLVED to note:

6)   
The commercial settlement made to Guildmore Ltd as set out within
part 2 of this report.

7)   
The progress of the programme since December 2023 and the ongoing
risks and market challenges that are impacting the delivery of the
programme and how they are being addressed and mitigated.

8)   
That the Council continues to engage with developers to identify
acquisition and joint development opportunities and the final terms
will be subject to Mayor and Cabinet approval prior to entering
into contract.

9)   
That the Council is also engaging the contracting market to devise
an investment partnership approach and that the procurement
strategy will be subject to further Mayor and Cabinet approval in
September 2024.