Decision details

RESOLVED

that subject to planning consent and Homes England funding:

a)    the use of the land to redevelop housing for affordable rent, be approved;

b)    the use of both Housing Revenue Account reserves and, if appropriate, commuted capital sums to fund the construction of new affordable homes, be approved;

c)    the use of Right to Buy receipts (after further appraisal) if no Homes England grant is made available to make the scheme viable, be approved;

d)    delegated authority be granted to the Director of Housing and Assets, in conjunction with the Corporate Finance Manager (and Section 151 Officer), to negotiate and formalise final scheme costs, specification and delivery.

d)