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Council
 
Agreed         
to
 

A)      
Approve an investment decision in the
housing development site to the northwest of Cambourne as set out
in detail in the approved SCIP LLP Project Plan (Exempt Appendix
1); the development of the site is through SCIP LLP.

 
B)      
Provide a mandate to the Council’s
SCIP LLP Board Members for decisions facilitating the development
of the site and delivery of the Council’s Investment as set
out in the approved SCIP LLP Project Plan (Exempt Appendix 1) which
is adopted by the SCIP Board.  The
Project Plan will change at milestones during the delivery phase of
the scheme in accordance with SCIP LLP Board
governance.  The mandate is subject to
SCIP implementing a planning consent which is unfettered by legal
challenge.
 
C)      
Approve the Chief Finance Officer’s
Report set out in Exempt Appendix 2 with the planned commitments
associated with the Council’s borrowing (internal and/or
external).  The Investment Plan will be
refined and updated in line with amendments to the SCIP Project
Plan approved by the SCIP Board during the delivery
phase.  The Council’s funding will
be built into the Capital Programme.

 
D)      
Note the decision made in May 2021
relating to the HRA purchase of c 120 units.  This decision is now the subject of a separate
report on this agenda.

 
E)       
Note a licence will be granted by CBPL to
SCIP for works to be undertaken on the land parcels which are in
CBPL ownership, and which are included within the SCIP planning
redline.  A plan and details of the
proposed works are set out in Exempt Appendix 3.
 

F)       
Authorise officers to undertake, at the
appropriate time, a procurement exercise to identify a tenant for
the café.