Decision details
FDMSP-01-24: Deed of Termination HIF MVF 272 Ashton Park Funding Agreement (Trowbridge)
PDF 322 KBDecision Maker: Cabinet Member for Finance, Development Management and Strategic Planning
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
To terminate a Grant Funding Agreement with Homes England which was intended to support the delivery of a developer-led residential scheme at Ashton Park, Trowbridge.
Decision:
To terminate a Grant Funding Agreement with Homes England which was intended to support the delivery of a developer-led residential scheme at Ashton Park, Trowbridge.
Reasons for the decision:
The Deed of Termination should be signed to ensure clarity between the council and Homes England, to satisfy budget setting requirements for both organisations, and to act in the best interests of all parties.
Alternative options considered:
The option of not signing the Deed of Termination has been dismissed due to there being no advantages to leaving the grant agreement in place, the requirement to sign the Deed of Termination to satisfy budget setting requirements for both the council and Homes England, and it being in the best interests of all parties to bring the Grant Agreement arrangements to an end and legally terminate any contractual obligations.
Other reasons / organisations consulted
Not Applicable.
Contact: Scott Anderson 01722 434689 Email: scott.anderson@wiltshire.gov.uk.
Publication date: 08/02/2024
Date of decision: 26/02/2024
Accompanying Documents: