Decision

AGREE that
Cabinet:

 

a)      
as landowner, promotes
a scheme which will deliver 207 units with an initial split of 133
market and 74 social units;

 

b)     
alongsidethis,
continueto negotiatewith Homes England to maximise the affordable housing on the scheme
through grant funding and a further report will be brought forward
at the appropriate time;
 

c)      
increase the HRA
Capital budget by xx (financed by the Major Repairs Reserve) to xx
to allow for future inflation and contingency;
 

d)     
the Revenue loss of xx
due to the change from Affordable Rent to Social Rent and a
reduction in units from 100 to 74 be noted; and

e)      
give delegated
authority to the
Director - Housing, Health & Wellbeing in consultation with the
Director – Resources / S151 Officer and Portfolio Holder for
Housing to negotiate and enter into the development agreement and
subsequent JCT agreements, subject to planning permission, costs
remaining withinthe approvedbudget envelopeand risk
profile.