Issue - meetings

Lee Street Development

Meeting: 25/03/2021 - Executive (Item 77)

77 Lee Street Development pdf icon PDF 84 KB

Executive Member for Housing and Support.

Additional documents:

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

Minutes:

The Executive Member for Housing and Support, Councillor Knight, explained that the Lee Street Development was needed to help house single people. The Council had been assisting a greater number of single people since the introduction of the Homelessness Reduction Act in 2018.

 

The Lee Street scheme had secured planning permission and a tender exercise had been completed in November 2020. However, higher than anticipated construction costs resulted in a budget shortfall. A budget increase was therefore sought to progress the project to completion. This would be funded initially through the allocation of additional Section 106 funds, pending an application of grant funding from Homes England.

 

Councillor Knight explained that the Lee Street scheme would make use of underused Council land and would deliver affordable housing for local single people. He thanked Executive Members and Officers for their support for the project.

 

The Leader of the Council, Councillor Brunt, emphasised the importance of the project and the desire to progress it.

 

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