Decision details

Approval to funding and financing of site remediation and housing development at Leopold Street through Housing Infrastructure Fund grant and a loan to be funded through prudential borrowing.

The Director of City Development submitted a report which set out and sought appropriate approvals for the Council’s enabling role in the funding and delivery of an innovative and affordable community housing scheme at Leopold Street, Chapeltown.

The Board welcomed the proposals detailed within the submitted report, with Members highlighting that such schemes in other parts of the city would be welcomed, should appropriate opportunities arise.

Following consideration of Appendix 1 to the submitted report designated as being exempt from publication under the provisions of Access to Information Procedure Rule 10.4(3), which was considered in private at the conclusion of the meeting, it was

RESOLVED –

(a)  That agreement be given for the Director of City Development to enter into a Deed of Variation to the existing Housing Infrastructure Fund (HIF) grant agreement with Homes England to a revised amount of £1,334,460, as set out in paragraph 3.9 of the submitted report;

(b)  That agreement be given for the Director of City Development to enter into a Deed of Variation to the Grant Funding Agreement with ChaCo and Unity to a revised amount of £1,334,460 and which removes the requirement for recoverability of grant, as set out in paragraph 3.10 of the submitted report;

(c)  That the recommendations as set out in the exempt Appendix 1 to the submitted report, in respect of ChaCo’s request for a phased draw-down loan from the Council to meet short term development financing requirements, be approved;

(d)  That the resolutions arising from this report, as detailed above, be exempted from the ‘Call-In’ process, on the grounds of urgency, as detailed within paragraph 4.5.1 - 4.5.3 of the submitted report.

(The Council’s Executive and Decision Making Procedure Rules state that a decision may be declared as being exempt from the Call In process by the decision taker if it is considered that any delay would seriously prejudice the Council’s, or the public’s interests. In line with this, the resolutions contained within this minute were exempted from the Call In process, as per resolution (d) above, and for the reasons as detailed within sections 4.5.1 – 4.5.3 of the submitted report)

Briefings

Executive Member for Regeneration, Transport and Planning

Ongoing with Ward Members as scheme progresses