Issue - meetings

To seek approval for revisions to the 2022/23 and 2023/24 capital programme specifically relating to the new build programme for 79 new homes on Council owned land and increased scheme costs. To seek approval to proceed into contract at the Inham Nook pub site. To approve a variation to the agreed payback period for the Council’s proposed purchase of the 26 affordable homes at the Field Farm, Stapleford site.

Cabinet was asked to approve revisions to the 2023/24 and 2024/25 capital programme specifically relating to the new build programme for 79 new homes on Council owned land and increased scheme costs, to seek approval to proceed into contract at the Inham Nook pub site, and to approve a variation to the Council’s proposed purchase of the 26 affordable homes at the Field Farm, Stapleford site.

RESOLVED that:

1.     The revisions to the Capital Programme in 2023/24 and 2024/25 for the housing new build schemes at the Chilwell and Watnall garage sites and the Inham Nook site, as set out in the confidential appendix, be approved.

2.     The revisions to the Capital Programme in 2023/24 and 2024/25 for the housing new build schemes at the Bramcote Crematorium site, as set out in the confidential appendix, be approved subject to confirmation from the Council’s external accountant that the scheme can be accommodated within the HRA Business Plan,

3.     The increase in overall scheme costs, as set out in the confidential appendix, be approved.

4.     Delegated authority be made to the Leader of the Council, the Deputy Leaders of the Council, the Deputy Chief Executive and Section 151 Officer, following consultation with the Portfolio Holder for Resources and Personnel Policy, to allocate additional funding for these schemes using the Section 106 commuted sum budget and additional prudential borrowing.

5.     Delegated authority be made to the Deputy Chief Executive and Section 151 Officer, following consultation with the Portfolio Holder for Resources and Personnel Policy, for all key approvals relating to the assessment of tender returns for the main construction contract, including qualitative criteria and the subsequent award of the building contracts for the redevelopment of the Inham Nook site.

6.     The Council proceeds with charging social rents at the Field Farm, Stapleford site, as required by the Section 106 agreement.

Reasons

This pertained to the Corporate Plan Aim to provide a good home for everyone.