Decision details

Agree a change of tenure mix and entering into a build contract for the Pitwood Park Development

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

In April 2018 the Executive approved the development of 25 houses and flats at Pitwood Park. Approval is now sought to vary the previously agreed tenure mix, the revised budgetary baseline position and to enter into a build contract with the recommended contractor.

Decision:

RESOLVED: that

 

1.     The updated forecast expenditure and income for the scheme be accepted and approved.

 

2.     The Head of Housing be authorised in consultation with the:

·       Head of Finance

·       Head of Legal and Governance

·       Executive Member for Housing & Benefits

·       Executive Member for Finance

·       Executive Member for Investments and Companies

 

a)  To enter into a contract to build with the recommended contractor.

b)  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.

c)  Enter into an agreement with the chosen Housing Association for the transferral of affordable housing units.

d)  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 £6,448,000 as detailed within the exempt report in Part 2 of the agenda.

 

3.  The Head of Housing be authorised in consultation with the:

·       Head of Legal & Governance

·       Executive Member for Housing & Benefits

·       Executive Member for Finance

·       Executive Member for Investment and Companies

 

a)  To enter into any Easements, Licences, Covenants or Wayleaves as required on the development.

b)  Complete Party Wall agreements as required on the development.

c)  Authorise the sale of new homes on this development

Reason Key: Expenditure > £250,000;

Corporate Priorities : A great place to live and work.;

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: 11/03/2020

Accompanying Documents: