Decision details

Lee Street Development

Decision Maker: Executive

Decision status: For consultation

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Agreement sought for additional capital budget allocation from s106 reserves.

Decision:

RESOLVED:

 

1.    To approve the updated Capital Programme scheme cost of £850,389 and the allocation of £190,000 additional funding to the scheme (through the further allocation of Section 106 funds pending confirmation of Homes England grant funding).

 

2.    That 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 & Deputy Leader

·       Executive Member for Investment & Companies

a)    To enter into a contract to build with the recommended contractor subject to costs falling within the revised capital budget as detailed in the exempt report in Part 2 of the agenda.

b)    To appoint and enter into contracts (as required) with any remaining consultants or suppliers, including entering into collateral warranties to allow the contract to progress to completion.

c)    To allocate and spend any capital grant allocated by Homes England for the scheme to the approved budget.

 

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

·       Head of Legal and Governance

·       Executive Member for Housing & Benefits

·       Executive Member for Finance & Deputy Leader

·       Executive Member for Investment & Companies

a)    To appoint and enter into contracts (as required) with any inspectoral bodies or warranty providers (i.e. NHBC/LABC)

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

c)    Complete Party Wall agreements as required on the development

Reason Key: Expenditure > £250,000;

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

Wards Affected: Horley West and Sidlow;

Contact: Alison Robinson, Housing Strategy and Performance Manager Email: Alison.Robinson@reigate-banstead.gov.uk Tel: 01737 276167.

Publication date: 25/03/2021

Date of decision: 25/03/2021

Decided at meeting: 25/03/2021 - Executive

Effective from: 09/04/2021

Call-in deadline date: 08/04/2021

Accompanying Documents: