URL: https://democracy.newark-sherwooddc.gov.uk/ieDecisionDetails.aspx?ID=980

Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Purpose:

Content: AGREE that Cabinet:   a)       as landowner, promotes a scheme which will deliver 207 units with an initial split of 133 market and 74 social units;   b)      alongsidethis, continueto negotiatewith Homes England to maximise the affordable housing on the scheme through grant funding and a further report will be brought forward at the appropriate time;   c)       increase the HRA Capital budget by xx (financed by the Major Repairs Reserve) to xx to allow for future inflation and contingency;   d)      the Revenue loss of xx due to the change from Affordable Rent to Social Rent and a reduction in units from 100 to 74 be noted; and e)       give delegated authority to the Director - Housing, Health & Wellbeing in consultation with the Director – Resources / S151 Officer and Portfolio Holder for Housing to negotiate and enter into the development agreement and subsequent JCT agreements, subject to planning permission, costs remaining withinthe approvedbudget envelopeand risk profile.

Date of Decision: December 10, 2024