Decision details

PROVISION OF AFFORDABLE HOUSING IN WEST WICKHAM

Decision Maker: Executive, Council

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No

Decision:

That

 

1.  The Capital Investment for the delivery of 26 new homes be approved, on the basis that all homes will be held for affordable housing, on the assumption the increase of GLA grant is approved.  Noting this requires £4,717k of external borrowing for the Council (as detailed in section 6 of the report).  If the revised GLA grant is not received, the scheme will remain as was previously agreed;

2.  An additional revenue contribution of £244k be approved to part-finance the capital costs of the Library element of scheme, as detailed in section 6 of this report. Provision for this sum will be identified in central contingency as part of the 2023/24 revenue budget outturn (see also Q3 2023/24 Revenue budget monitoring report on agenda for this meeting of Executive);

3.  The required changes to be submitted via a planning variation be approved; and,

4.  Any additional grants in relation to this scheme be accepted.

Report author: Alicia Egan

Publication date: 28/03/2024

Date of decision: 27/03/2024

Decided at meeting: 27/03/2024 - Executive

Accompanying Documents: