Issue details

To seek approval for the funding arrangements to deliver nine new affordable ownership flats on the former Coldeast Scout Hut site on Montefiore Drive and to seek approval of the process toward the appointment of contractors for the scheme.

For the Executive to also note that existing TV mast equipment at the site will be relocated onto the new building and the Council will need to revisit the original transfer agreement with Homes England as the proposal now includes none (rather than seven) flats.

The report provides Members with an overview of the funding arrangements proposed for the delivery of nine new flats for affordable home ownership at the former scout hut site.

Further details surrounding the funding arrangements, including the total estimated cost to deliver the project, are provided in the confidential Appendix B attached to the report.

In addition to the funding arrangements, the report seeks Executive approval for delegated authority that will allow a time efficient appointment of an appropriate contractor to build out the scheme.

Information is also provided on the need to revisit and vary the original transfer agreement between Homes England and the Council; a matter that has been favourably discussed between parties.  Existing TV mast equipment at the site will also need to be relocated.