Decision details

1.             That the Corporate Head of Asset Management be authorised to:

a.    award and enter into a JCT Design & Build Contract to construct 5 homes at Woodman Close, Sparsholt.

b.    negotiate and agree terms for easements, wayleaves and related agreements with utility suppliers, telecom/media providers and neighbours and relevant legal agreements to facilitate the development.

2.             That an increase of £101,000 in the project budget be approved to meet the total scheme cost of £2,057,000, and expenditure of £2,057,000 against that budget be authorised, applying Homes England funding (subject to successful award) and the council’s S106 affordable housing developer contribution funding to the total scheme budget to enable viability.

3.             That it be noted that the proposed scheme is only viable if substantial S106 affordable housing developer contribution funding is used, and that the deployment of S106 affordable housing developer contribution funding to develop the proposed scheme be agreed.

4.             That if Homes England funding is not available or lower than anticipated or contingency spending is different to expected, the Strategic Director, in consultation with the Cabinet Member for Good Homes, be authorised to deploy S106 affordable housing developer contribution funding of up to £1,687,500 (£337,500 per unit) and/or increase rents from Social Rent to Affordable Rent to ensure the scheme remains affordable to the Housing Revenue Account in terms of net present value of scheme, as set out in 2.15 of report CAB3451 and the exempt appendix.