Purpose

To consider a business case for the
development of St Kilda’s, Brixham.

Decision

That Council be recommended to:

 
1.   
Approve the
inclusion of the full St. Kilda’s scheme (including the
addition of demolition of the former Care Home and the construction
of 23 no. new age-restricted flats for social housing) in Torbay
Council’s Capital Programme.
 
2.   
Increase the capital programme for the St
Kilda’s scheme to a total sum of £5,683,164 to include
costs already incurred and the costs of demolition and construction
as set out in Exempt Appendix 1.

 

Approve up to £2,667,058 of prudential borrowing funded
from rent receipts, net of the costs of maintenance and
management of the completed scheme.

 

That subject to 1 to 3 above the Cabinet:

 
4.   
In
accordance with Financial Regulations, the Director of Finance be
instructed to bid for (and accept) any applicable affordable
housing grant from Homes England to support the scheme, subject to
securing at least the Minimum Grant Level as set out in Exempt
Appendix 1 for the scheme to proceed.
 
5.   
Delegate
authority to the Director of Pride in Place to award a suitable
contract for construction to Bidder A for the Total Contract Sum(s)
identified in Exempt Appendix 1 (including any Stage 1 contract for
demolition/site clearance and Stage 2 contract for main works, as
necessary), along with all necessary external support services
required for successful delivery of the scheme following completion
of successful procurement exercises (and associated due
diligence).  Subject to any Stage 2
contract/contract for main Works not to be signed until Homes
England have confirmed that the Minimum Grant Level set out in
Exempt Appendix 1 has been secured, and a Grant Agreement signed
accordingly.
 
6.   
Delegate
authority to the Director of Pride in Place, in consultation with
the Head of Legal Services, to enter a Building License with
TorVista Homes, to enable demolition to
take place prior to formal transfer of the asset back to the
Council (if necessary).
 

7.   Authorise the
Director of Pride in Place to enable all management provisions
required for successful operation of the scheme, in accordance with
the planning consent and requirements of the Regulator or Social
Housing.