Agenda item

RESOLVED:-

(i)        that the revised scheme costs for the Longcar PDC Housing Development totalling £4,373,000 to be financed from a combination of capital resources earmarked as part of the 2020 Capital New Starts programme, monies earmarked within the Housing Revenue Account Capital Reserve and revenue resources held within the Strategic Housing Function, as detailed in the report now submitted, be approved;

(ii)       that approval be given for the Council to enter into a build contract with Saul Construction in the sum of £3,838,500 included within the above;

(iii)      that the appropriation of the four affordable units associated with the development into the Housing Revenue Account to be managed by Berneslai Homes be approved; and

(iv)      that the potential Return on Investment from the development of up to £0.7m be noted and a further update on this following the sale of all the properties be received.