Issue - meetings

The BCP owned site contains a care home of 41 bedrooms, which was managed by Care South, who have surrendered the lease and vacated the property.  The property is currently secured pending redevelopment.

The current proposal presents a new build Council Housing scheme of 27 x one and two bed apartments and associated parking to be provided on the site.  These homes will help towards imminent new Local Plan housing targets and will also contribute significantly to unmet housing need by delivering Council homes at social rents.

The Portfolio Holder for Housing presented a report, a copy of which had been circulated to each Member and a copy of which appears as Appendix 'H' to these Minutes in the Minute Book.

Cabinet were informed that the BCP owned site contains a care home of 41 bedrooms, which was managed by Care South, who have surrendered the lease and vacated the property, and that the property was currently secured pending redevelopment.

In relation to this Cabinet were advised that the current proposal presents a new build Council Housing scheme of 27 x one and two bed apartments and associated parking to be provided on the site, and that these homes will help towards imminent new Local Plan housing targets and will also contribute significantly to unmet housing need by delivering Council homes at social rents.

RECOMMENDED that the proposed £6.467m housing scheme be approved for progression to Council for subsequent approval request to:

(a)          Approve to tender, commencement and completion of build subjectto 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 30 to 45 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 Council housing valued at £900k.

                                         ii.    £1.330m of prudential borrowing to be repaid over 25 years used to finance the Housing Revenue Account (HRA) social rented homes.

                                       iii.   The capping of rental income to Social Rent levels.

(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.

The Portfolio Holder for Housing presented a report, a copy of which had been circulated to each Member and a copy of which appears as Appendix 'H' to these Minutes in the Minute Book.

Cabinet were informed that the BCP owned site contains a care home of 41 bedrooms, which was managed by Care South, who have surrendered the lease and vacated the property, and that the property was currently secured pending redevelopment.

In relation to this Cabinet were advised that the current proposal presents a new build Council Housing scheme of 27 x one and two bed apartments and associated parking to be provided on the site, and that these homes will help towards imminent new Local Plan housing targets and will also contribute significantly to unmet housing need by delivering Council homes at social rents.

RECOMMENDED that the proposed £6.467m housing scheme be approved for progression to Council for subsequent approval request to:

(a)          Approve to tender, commencement and completion of build subjectto 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 30 to 45 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 Council housing valued at £900k.

                                         ii.    £1.330m of prudential borrowing to be repaid over 25 years used to finance the Housing Revenue Account (HRA) social rented homes.

                                       iii.   The capping of rental income to Social Rent levels.

(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.