Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
To consider Howes Lane Bridge Marginal Viability HIF Funding
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: