Issue - meetings
Monkscroft Villas, HRA new build
Meeting: 09/07/2019 - Cabinet (Item 6)
6 Housing Revenue Account - New Build - Monkscroft Villas Site 
PDF 354 KB
Report of the Cabinet Member Housing
Additional documents:
- 2019_07_09_HRA_New_Build_Monkscroft_Villas_Site_Appendix 2 - Site layout plan (2), item 6
PDF 650 KB
- 2019_07_09_HRA_New_Build_Monkscroft_Villas_Confidential_Report_On_Tender , View reasons restricted (6/3)
- 2019_07_09_HRA_New_Build_Monkscroft_Villas_Appendix 4 - confidential financial assessment , View reasons restricted (6/4)
Decision:
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%.
Minutes:
The Cabinet Member Housing presented the example of a new build scheme in the Hesters Way ward, and noted that he was pleased to see the council take on an excellent opportunity for regeneration. Members asked whether these properties will be owned by the council once built or opened to shared ownership. The response was that they will be owned solely by the council at first, with an ongoing discussion about the possibility of shared ownership.
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%.