Issue - meetings

Approval for Homes England Grant in respect of Enabling Works

 

 

Meeting: 23/05/2019 - Cabinet (Item 4)

4 Approval for Homes England Grant in respect of Enabling Works pdf icon PDF 92 KB

Report of the Head of Corporate Resources

Minutes:

The Cabinet considered the report of the Head of Corporate Resources in relation to the offer of grant funding from Homes England to the Council through their Accelerated Construction Programme to support development on the Meadow Lane/St John Stone site in Ainsdale.

 

Decision Made: That

 

(1)  the grant of £623,210 from Homes England to the Council  for the Meadow Lane/St John Stone site, and the conditions attached to this offer be approved;

 

(2)  a fully funded supplementary capital estimate of £623,210 be approved in accordance with the Council’s Financial Procedure Rules; and

 

(3)  the Head of Corporate Resources, in consultation with the Cabinet Member for Regulation, Compliance and Corporate Services be granted delegated authority to appoint a suitable Client Agent to manage the project and a suitable contractor to undertake the infrastructure and site preparation works for the Meadow Lane/St John Stone site in accordance with the Council Contract Procedure Rules be approved

 

 

Reasons for the Decision:

 

The Council’s Financial Regulations require that Cabinet authorise the acceptance of external funding over £500,000, and supplementary capital estimates in excess of £250,000 up to and £1,000,000.

 

Alternative Options Considered and Rejected:

 

The Council could refuse the offer of the Grant funding from Homes England. This would however undermine the financial viability of the development of the site, and risk delays to housing construction being undertaken.