Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Consideration of the Housing Infrastructure
Fund Offer and commitment to future delivery of the regeneration
scheme
i) Delegate authority to the Director – Finance & Commercialisation following consultation with the Cabinet Member for Homes & Culture, Director of Growth, Service Director Legal & Governance and Lead Capital Assets to finalise and agree the conditions and monitoring framework of the Homes England Housing Infrastructure Bid.
ii) Subject to approval by Council and subject to (i) above, to enter into a Grant Determination Agreement with Homes England for the Housing Infrastructure Fund grant of £3.75M.
iii) Delegate authority to the Director of Growth to carry out the necessary procurement in order to deliver obligations contained within the Homes England Housing Infrastructure Fund funding agreement and bid.
iv) Delegate authority to the Director of Growth, following consultation with the Director of Finance and Commercialisation and the Director of Legal & Governance, to take all necessary actions to implement and facilitate the delivery of the project funded by the Housing Infrastructure bid.
To enable the council to enter into a grant agreement with HE to receive the offer of £3.75M HIF towards delivering the infrastructure works, which involve the creation of the new open space and traffic calming on Meggeson Avenue, at Townhill Park.
The Council could decide not to accept the grant offer. However, it is unlikely that other external sources of funding would be found which could deliver the infrastructure improvements described above and required by planning.
Report author: Sue Jones
Publication date: 20/11/2018
Date of decision: 20/11/2018
Decided at meeting: 20/11/2018 - Cabinet
Effective from: 29/11/2018
Accompanying Documents: