Decision

1.            
That the Corporate Head of Asset Management be authorised
to:
a.   
award and enter into a JCT Design &
Build Contract to construct 5 homes at Woodman Close,
Sparsholt.
b.   
negotiate and agree terms for easements, wayleaves and related
agreements with utility suppliers, telecom/media providers and
neighbours and relevant legal agreements to facilitate the
development.
 

2.            
That an increase of £101,000 in the project budget be
approved to meet the total scheme cost of £2,057,000, and
expenditure of £2,057,000 against that budget be authorised,
applying Homes England funding (subject to successful award) and
the council’s S106 affordable housing developer contribution
funding to the total scheme budget to enable viability.
 

3.            
That it be noted that the proposed scheme is only viable if substantial S106
affordable housing developer contribution funding is used,
and that the deployment of S106 affordable housing developer
contribution funding to develop the proposed scheme be
agreed.
 

4.            
That if Homes England funding is not available or lower than
anticipated or contingency spending is different to expected, the
Strategic Director, in consultation with the Cabinet Member for
Good Homes, be authorised to deploy S106 affordable housing
developer contribution funding of up to £1,687,500
(£337,500 per unit) and/or increase rents from Social Rent to
Affordable Rent to ensure the
scheme remains affordable to the Housing Revenue Account in terms
of net present value of scheme, as set out in 2.15 of report
CAB3451 and the exempt appendix.