Purpose

The Toutley East Development comprises the delivery of a new dementia care home, housing development and supporting infrastructure. This report provides an update on the Toutley East Development from that previously given to the Executive in July 2022, including changes in the financial assumptions resultant from changes in the market. In addition, recommendations are made with respect to the residential delivery model.

Decision

RESOLVED that the Executive:

1)    Agreed to the cessation of the construction of a care home as part of the Toutley East strategic masterplan as previously approved, whilst the viability of alternative delivery models for the care home are explored.

2)    Approved the development of the land for residential including the provisions for affordable housing and Community Infrastructure Levy as set out in the report

3)    Noted that further market testing would be undertaken on the costs and values of energy efficient residential development in excess of current policy and building regulations, up to and including Net Zero Carbon design, to input into the delivery model decision.

4)    Noted the risks and opportunities of the delivery options for the residential development of the land and approved that further market testing would be undertaken on the Disposal and Joint Venture models to ascertain Value for Money and risk exposure;

5)    Delegated authority to the Director of Resources and Assets, in consultation with the Leader of the Council, to implement the programme for the development of the Toutley East site, including a value for money decision on alternative delivery models for the care home and residential delivery models, taking into account the findings of the further market testing and the Council’s climate commitments and targets within the Climate Emergency Action Plan.