Woodman Close, Sparsholt - Final Business Case (exempt appendix)
Minutes:
Cabinet considered the exempt appendix which set out the financial appraisal for the project.
At the invitation of the Leader, Councillor Horrill addressed Cabinet as summarised briefly below.
Councillor Horrill asked why costs relating to nutrient mitigation had been included in the financial appraisal but had not been referenced in the planning approval. She also queried the level for contingency proposed and whether there was additional costs due to the higher specifications for the properties.
Councillor Reach together with the Service Lead – New Homes responded to the questions raised. The Service Lead agreed to check further on the point relating to nutrient mitigation costs and respond to Councillor Horrill outside of the meeting.
In response to questions from Cabinet Members, the Strategic Director confirmed that the business plan did take account of any future right-to-buy options.
RESOLVED:
That the contents of the exempt appendix be noted.