Decision details

To consider the recommendations.

RESOLVED THAT

1.    The tender received from E G Carter and Co Ltd be accepted and the authority enter into a JCT Design and Build Contract for the construction of 27 new dwellings with Total Scheme Costs not to exceed £4,235,000.

2.    Authority be delegated to the Executive Director of Finance & Assets, in consultation with the Borough Solicitor to:

2.1. Conclude the JCT Design and Build contract with E G Carter and Co Ltd.

2.2. Take all necessary steps and undertake all necessary procedures, including entering into any legal arrangements or other documentation as may be required to implement or facilitate the development, including entering into a Grant Agreement with Homes England for the affordable housing dwellings.

2.3 Agree, in consultation with Cabinet Member - Housing  the precise tenure of the affordable housing dwellings once the position about Homes England grant funding is confirmed, including shared ownership.

2.4 Approve the disposal on a shared ownership basis of any dwellings designated as such under recommendation 2.3 and to agree the terms of such disposals.

3.    The authority be authorised to charge Affordable Rents on the rented dwellings at 80% of market rents and allocate any  remaining properties  for shared ownership to be available at a minimum initial equity share of 40%.