Decision details

Howes Lane Bridge Marginal Viability HIF Funding

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To consider Howes Lane Bridge Marginal Viability HIF Funding

Decision:

Resolved

 

(1)            That, subject to OCC completing the Marginal Viability Homes Infrastructure Fund (MV HIF) agreement, it be agreed to:

    

a)    enter into a “back-to-back” agreement with OCC to take on the MV HIF obligations seeking to secure funding towards the cost of the delivery of the Howes Lane infrastructure.  In addition, to use any excess grant funding (released as a result of the development funds contributing towards the cost of delivering the infrastructure) to deliver housing (subject to any legal issues being resolved and remedied);

 

and

 

b)    delegate to the Assistant Director – Growth and Economy, in consultation with the Lead Member for Economy, Regeneration and Property and the Team Leader – Non-contentious, the negotiation and completion of the agreement with OCC.

 

 

Corporate Priorities : District of Opportunity & Growth;

Reason No Public Access: No

Declarations: None

Subject to Urgent Proceedings: No

Contact: Robert Jolley, Assistant Director Growth & Economy Email: robert.jolley@cherwell-dc.gov.uk Tel: 01295 221688, Jenny Barker, Bicester Team Manager Email: jenny.barker@cherwell-dc.gov.uk Tel: 01295 221828.

Report author: Robert Jolley

Publication date: 08/10/2019

Date of decision: 07/10/2019

Decided at meeting: 07/10/2019 - Executive

Effective from: 12/10/2019

Accompanying Documents: