Issue - meetings

    Report by Executive Director Alistair Cunningham

This item is exempt due to the financial information provided in the report.

Cllr Toby Sturgis, Cabinet Member for Spatial Planning, Development Management and Property, presented a report seeking approval to enter into a contract with Homes England, consideration of the terms the Council is prepared to agree to secure the housing infrastructure funds for the Ashton park development.

Resolved:

1.    To agree that the Council enters into a contract with Homes England to access £8.784m Housing Infrastructure Fund offered through the Marginal Viability Programme for the Ashton park development.

2.    Agree to delegate authority to the Corporate Director for Growth, Investment and Place in consultation with the Cabinet Member for Spatial Planning, Development Management and Property and Cabinet Member Finance, Procurement, IT and Operational Assets to undertake detailed contract negotiations to secure funding including those relating to meeting the conditions presented by Homes England associated with the drawdown of funding.

Reason for Decision:

Homes England have indicated that they are willing to provide £ 8.784m of Housing Infrastructure Fund but require a number of conditions to be met by the 30 April to secure the offer of funding. This report recommends entering into a contract with Homes England to secure the offer of funding.