Decision Maker:

Outcome:

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: June 23, 2025

Purpose:

Content: Salford City Council - Record of Decision   Sale of market sale properties and transfer of social, affordable and shared ownership homes developed by the Council at Longshaw Drive, Little Hulton to Dérive RP.   I Paul Dennett, City Mayor, in exercise of the powers contained within the City Council Constitution do hereby:   Approve the disposal of 30 properties in the remaining phases of development at the Longshaw Drive site for market sale to individual purchasers at the estimated values set out in the report by way of freehold transfer, with further approval to be delegated to the Executive Director of Place to agree any variations or sales incentive packages in line with market evidence. Approve the disposal of 20 properties in the remaining phases of development for shared ownership sale to Dérive RP at the values set out in the report by way of freehold transfer. Approve the disposal of 44 properties for social rent and 42 properties for affordable rent in the remaining phases of development to Dérive RP at the values set out in the report by way of freehold transfer. Approve the lending of £3,725,537 (plus legal fees and associated costs) to Dérive RP to fund the acquisition of the shared ownership units, subject to drawdown of Homes England shared ownership grant funding. Approve the lending of £11,887,685 (plus legal fees and associated costs) to Dérive RP to fund the acquisition of the social and affordable units, subject to drawdown of Homes England affordable rent and social rent grant funding. Note the tenure mix, phasing and sales programme for the remainder of the development as set out in the report, comprising 159 units.   Delegate authority to the Executive Director of Place in consultation with the S151 officer to: negotiate, agree, and finalise the detailed terms of the transaction, including such arrangements on estate management, repair and service charge and title matters. Authorise the Shared Legal Service or externally appointed solicitors to prepare all necessary documentation and to take all steps which are required to give effect to the above recommendations.   The Reasons are: To authorise sales values of remaining market sale plots for marketing for sale to individual purchasers and transfer and loan values for disposal of 106 homes to Dérive RP.   Options considered and rejected were: n/a   Assessment of Risk: Medium   The source of funding is: Housing Capital Programme, with loan to be repaid by Dérive RP over 50 year term.   Legal Advice obtained:Kate Bouchier (Property) and Kathryn Saldanha (Finance)   Financial Advice obtained: Alison Woods, Commercial Finance Manager.   Procurement Advice obtained: n/a   HR Advice obtained: n/a   Climate Change Advice obtained: Mike Hemingway - Principal Officer – Climate Change.   All homes are being built to Passivhaus standard ensuring they are cheaper for residents to heat and result in significantly lower than average emissions.   The following documents have been used to assist the decision process: n/a   Public briefing report submitted to Property/Regen Briefing held on 23rd June 2025 Contact Officer: John Nugent Asst Principal Development Surveyor                              Email: john.nugent@salford.gov.uk     -       This decision is not subject to consideration by another Lead Member. -       The appropriate scrutiny to call-in the decision is the Growth and Prosperity Scrutiny Panel.                          Signed:                                                    City Mayor Dated:   23rd  June 2025     This decision was published on Thursday 26th June 2025                                            This decision will come in force at 4.00 p.m. on Friday 4th June 2025           unless it is called-in in accordance with the Decision Making Process Rules.