Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: March 3, 2026

Purpose:

Content: (a) Decisions RESOLVED: 1.1        That the public and press be excluded from the meeting by virtue of Paragraph 3 (Information relating to the Financial or Business Affairs of the Authority) of Part 1 of Schedule 12A of the Local Government Act 1792, in order that the meeting may consider the Confidential Annexes (B, C, D, and E) to the report. 1.2        That Cabinet recommends to full Council, that: a)      resource allocation and spend approval within the Capital Programme be increased to £76.8m as detailed in this report, which includes the cohousing, (Block C); and b)     total borrowing within the Capital Programme be approved for up to £59.7m, (an additional £25.9m). 1.3        That subject to full Council approval for increased borrowing and revisions to the Capital Programme in 1.2 above: a)   In respect of Block C: i)          approval be granted for the Council to directly develop block C, the cohousing block for over 50s and for the Council to dispose of the units on long leasehold to the Still Green members and to transfer the Head Lease of the block to Still Green upon completion, at no loss to the Council; and ii)        approval be granted to terminate the Agreement for Lease with TOWN for block C and for the Council to purchase the work in progress and design rights from TOWN for block C for an amount of £528,144.64 which represents actual and evidenced costs paid by TOWN to date, subject to 1.3 b) v) and vi). b)      Authority is delegated to the Director for Environment and Property, in consultation with the Cabinet Member, the Director of Finance and Resources, and the Director for Law and Governance (subject to any further subsidy decisions being reserved to the executive) to affect this decision and to: i)               finalise, and submit to the Local Planning Authority for approval, changes (as set out in para to the regeneration design and S106 contributions via application under section 73 of the Town and Country Planning Act 1990 (applications to vary existing planning permission) and Deed of Variation respectively; ii)             award the main construction works contract to John Graham Construction Ltd. including block C, under the PAGABO Major Works Framework Lot 3 and to approve any final details for execution; iii)           approve any further necessary changes to the contract dated 6 April 2022 between the Council and TOWN (for project management and development management services); iv)           finalise arrangements for the appropriation of HRA land to the General Fund; v)             agree the terms of the sales for the cohousing over 50s with individual long leasehold purchasers, subject to full cost recovery of delivery, at market value; vi)           agree the final lease arrangements for Still Green CIC; vii)         agree any variations to the terms and lease with MKDP as set out in this report, and to agree any other necessary documents, subject to consideration and approval of the MKDP Board; and viii)       engage any external advisors, including legal and other professionals as necessary, (subject to compliance with the Council’s Contract Procedure Rules and financial governance arrangements), including services but not limited to specialist cost advice, employer’s agent and clerk of works (as set out in exempt annex C). c) That Cabinet approved an additional project subsidy of £515,665.00 to the subsidy approved in 2021 of £5,719,270 for further development and project management services required to complete the regeneration, as set out in exempt annex C, noting that this is also subject to 1.3 b) v) and vi) above. d) That subject to MKDP Board approval on 24 February 2026, Cabinet agreed that MKDP add the management of the project to its business plan, which is a Reserved Matter under clause 5.2.10 of the Members Agreement, noting that the project will be reflected in the next MKDP Business Plan (scheduled for March 2027). (b) Reasons for decisions Recommendations adopted for the reasons given in the report. (c) Alternative options considered See report for any alternative options considered.