Cheltenham Borough Council
Cheltenham Borough Council

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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: Executive Director – Finance and Assets - Paul Jones 01242 264365.

Urgent item?: Yes

Publication date: 30/05/2019

Date of decision: 30/05/2019

Accompanying Documents: