Decision details

To seek Executive approval for the principle to provide self/custom build plots on Council owned land on the corner of Sea Lane and Stubbington Lane. Including associated funding arrangements, processes towards delivery and sales, and the use of any net receipts following the sale of self/custom build plots.  

This report provides members with an overview of the proposal to provide 4No. self/custom build plots at the Sea Lane site.

In order to progress the self/custom build plots, some enabling works are required to provide services and access, and in order to progress the sites promptly, delegated authority is sought to appoint relevant contractors to carry out these works and the subsequent marketing/sales of the plots.  The report also sets out intentions for the sale of a small strip of the site to an immediate neighbour.

The net proceeds from the site disposal, taking account of the enabling works, will be used to support the provision of Affordable Housing elsewhere in the Borough, although it is anticipated that an element of the proceeds could be repayable to Homes England.

RESOLVED that the Executive agrees:

(a)  the principle of delivering 4 self/custom build plots at the Sea Lane site as a new Housing Enabling Capital Programme scheme;

(b)  the scheme funding mechanisms, as outlined in confidential Appendix B, for the delivery of serviced plots ready for market sale;

(c)  that the appointment of any relevant contractors (to provide demarcated and serviced plots) be delegated to the Deputy Chief Executive Officer;

(d)  that officers may, subject to appropriate value as determine by the Council’s Head of Property, sell a small strip on the western side of the site to an immediate neighbour;

(e)  that officers, subject to the satisfaction of the Council’s Head of Property, ensure the plots are marketed at an appropriate value and have delegated authority to agree/accept an appropriate offer for each individual plot; and

(f)   that those net sale capital receipts available to the Council will be held in the general fund and be used toward the provision of affordable housing in the Borough.