Decision details

RESOLVED

that the following be approved, subject to Planning consent and confirmation of Homes England funding:

a)    the use of the undeveloped section of the Council-owned Maun Valley site for family housing, let on an affordable rent basis;

b)    delegated authority being granted to the Director of Housing and Assets, in conjunction with the Director of Legal and Governance and the Chief Finance Officer, to agree the appropriation of the Maun Valley site from the General Fund to the Housing Revenue Account based upon best consideration of the land value and the parameters of the social housing viability model;

c)    the use of Housing Revenue Account reserves to fund the construction of 17 new affordable homes;

d)    delegated authority being granted to the Director of Housing and Assets, in conjunction with the Director of Legal and Governance, and the Chief Finance Officer, to negotiate and formalise final scheme costs, specification and delivery;

e)    delegated authority being granted to the Director of Housing and Assets, in conjunction with the Director of Legal and Governance and the Chief Finance Officer, to procure and appoint a contractor to develop the site;

f)     delegated authority being granted to the Director of Housing and Assets to contract, on behalf of the Council, with Homes England for the purposes of receiving subsidy to ensure that developments are viable and fall within the Council’s 30 year business plan model.