Decision details

Housing Scheme at Ibbertson Way, Bournemouth

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes


Affordable Housing Development


RESOLVED that the proposed £712k housing scheme be approved for subsequent approval request;

(a)           Approval to planning and subsequent tender, commencement and completion of build subject to the conditions set out in the Financial Strategy and authorises the Corporate Director for Environment and Community to approve necessary appropriations and contractual and legal agreements in consultation with the Monitoring Officer and Chief Finance Officer;

(b)           Approve the financial strategy for the scheme as set out in paragraphs 45 to 49 with specific approval for;

(i)            The appropriation of land from the General Fund to the Housing Revenue Account (HRA) to enable the development of the affordable housing valued at £35k;

(ii)           £358,668 of prudential borrowing to be repaid over 25 years used to finance the Housing Revenue Account (HRA) Affordable rented homes;

(c)           Authorise the Section 151 Officer in consultation with the Portfolio Holder for Finance to determine the detailed funding arrangements;

(d)           Authorise the Corporate Property Officer in consultation with the Monitoring Officer to agree the detailed contract provisions.

Voting: Unanimous

Portfolio Holder: Housing


To enable the proposed housing scheme to progress with the agreed funding arrangements to construction and subsequent completion in order to deliver the wide range of benefits to the Council and local communities.

Report author: Jonathan Thornton

Publication date: 24/12/2019

Date of decision: 20/12/2019

Decided at meeting: 20/12/2019 - Cabinet

Effective from: 04/01/2020

Accompanying Documents: