Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The Cromwell Road development project gained
approval from Executive in April 2018. This report provides
information on the budgetary position which has been revised since
the original report. It also seeks permission to enter into a build
contract with the recommended contractor.
RESOLVED: that
1. The updated capital budget forecast be accepted and approved.
2. The Head of Housing be authorised in consultation with the:
· Head of Finance
· Head of Legal & Governance
· Executive Member for Housing & Benefits
· Executive Member for Finance; and
· Executive Member for Investment and Companies
To enter into a contract to build with the recommended contractor.
3. To appoint and enter into contracts (as required) with any remaining consultants or suppliers to allow the contract to progress to completion including unit sales.
4. To amend the tenure mix at a later stage (as required) with up to a maximum of 100% of the scheme being retained by the Council with a condition that the scheme expenditure remains within the approved capital budget of £10,107,300 as detailed within the exempt report in Part 2 of the agenda.
5. The Head of Housing be authorised in consultation with the:
· Head of Legal & Governance
· Executive Member for Housing & Benefits
· Executive Member for Finance; and
· Executive Member for Investment and Companies
a) To enter any Easements, Licences, Covenants or Wayleaves as required on the development.
b) To Complete Party Wall agreements are required on the development.
c) Authorise new leases granted or entered into by the Council on the development.
d) Authorise the sale of new homes on the development.
Reason Key: Expenditure > £250,000;
Corporate Priorities : A great place to live and work.;
Wards Affected: Redhill West and Wray Common;
Contact: Penny Craig, Senior Development Manager Email: Penny.Craig@reigate-banstead.gov.uk Tel: 01737 276548.
Report author: Penny Craig
Publication date: 27/02/2020
Date of decision: 27/02/2020
Decided at meeting: 27/02/2020 - Executive
Effective from: 07/03/2020
Accompanying Documents: