Agenda item
Housing Infrastructure Funding (HIF) Marginal Fund (Cab.15.5.2019/11)
Minutes:
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.
Supporting documents:
- Housing Infrastructure Funding (HIF) Marginal Fund, item 281. PDF 80 KB
- Appendix A, item 281. PDF 16 KB
- Appendix B, item 281. PDF 248 KB
- Appendix C, item 281. PDF 324 KB