Decision details
The Council to enter into a Grant Funding Agreement with Homes England
Decision Maker: Leader
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Decision:
Subject to agreement of heads of terms Grant Administration Agreement with Freeman in a form acceptable to the Council, that the Council enter into a Grant Funding Agreement with Homes England, to secure funding that will support the delivery of the 200 homes (of which 40% will be affordable) and 150 space car park).
That the Councils Executive Director Finance and Assets (Section 151 Officer), is given the authority to sign any document on the Councils behalf to allow the Council to act as the Accountable Body in this matter.
Reasons for the decision:
In order to be eligible for funding. Homes England has requested that a number of pre-draw down conditions are met by the Developer by 30th May. This includes the Council agreeing to become the Accountable Body.
Alternative options considered:
A report could be considered at the next cabinet meeting on 11th June 2019 although this is past the date of 30th May as set by Homes England.
Reason Key: Affects more than 1 ward;
Consultees
Chair of O&S has been advised.
Contact: 01242 264365.
Urgent item?: Yes
Publication date: 30/05/2019
Date of decision: 30/05/2019
Accompanying Documents: