Purpose

Pursuant to the Collaboration Agreement
entered into in November 2023 this paper will request approval to
the total project expenditure including on costs for the delivery
of the first 93 Social Rent homes across 4 sites in the Council's
sustainable homes programme.

Decision

RESOLVED:
 
That Cabinet:
 

A.   
Noted the progress on the programme for the delivery of 93 new
affordable homes.
 

B.   
Noted the contents of Section 4 of the report with the financial
detail set out in Exempt Appendix A) summarising the financial
impact of the revised scheme and recommend that Full Council
approves the increase to the capital programme and its funding
totaling £27.87m.
 
This adjustment to
the approved capital programme will also be included in the
financial monitoring report elsewhere on this Cabinet’s
agenda.
 

C.  
Noted that the procurement process for the construction packages is
being prepared and tenders will be issued and returned for
different packages from early in 2025.
 

D.  
Delegated authority to the Executive Director for Housing and
Sustainable Development, in consultation with the Cabinet Member
for Housing and Sustainability, the Cabinet Member for Finance and
Corporate Services and the Executive Director of Finance and
Digital, for final approval of the contracts following the outcome
of the tendering process.
 

E.  
Noted the longer-term officer resource implications identified in
paragraph 4