Decision details

Townhill Park Infrastructure Fund and Future Programme

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Consideration of the Housing Infrastructure Fund Offer and commitment to future delivery of the regeneration scheme

Decision:

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.

Reasons for the decision:

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.

Alternative options considered:

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: