Decision details
Housing Infrastructure Funding (HIF) Marginal Fund (Cab.15.5.2019/11)
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Decisions:
RESOLVED:-
(i) that the outcome of the bid submission to the Housing Infrastructure Funding (HIF) Marginal Fund and the offer of a revised grant allocation following an independent Due Diligence appraisal over summer 2018, as detailed in the report, be noted; and
(ii) that BMBC Legal (working in partnership with our appointed Framework Solicitors Walker Morris) be authorised to:-
· Enter into contract with Homes England to accept the funding and all associated terms and conditions.
· Enter into a flow down funding agreement with Keepmoat Limited which replicates the terms and conditions of the Homes England contract.
· Enter into a Development Licence with Keepmoat Limited to enable the completion of the Phase 3 infrastructure works.
· Enter into a Variation to the Development Agreement with Keepmoat Limited relating to the delivery of Phase 3.
Publication date: 20/05/2019
Date of decision: 15/05/2019
Decided at meeting: 15/05/2019 - Cabinet
Effective from: 22/05/2019
Accompanying Documents: