Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: May 19, 2025

Purpose: To consider proposal to commission Cornerstone Place to develop land at Grounds Avenue, March and enter into relevant legal documentation to lease the land to a Registered Provider (RP) for 125 years with the Council providing directly the required management and support to the residents in the properties.

Content: AGREED to delegate to the Section 151 and Monitoring Officer in consultation with the Portfolio holder for Housing and the Leader to: ·         enter into agreement with Cornerstone to develop the Grounds Avenue site to provide 12 properties to support the housing duties; ·         enter into a 125-year lease with an RP for the land; ·         enter into a management lease with the RP to enable the Council to control the nominations into and undertake the management and support responsibilities; and ·         allocate at-risk costs of circa £92k dependent on a planning permission, securing a RP and the relevant grant funding and private finance, all to be refunded at funds drawdown.