Decision details

Reason for Urgency: A decision is required to ensure timely progress. 

Due to the financial and community impact criteria, the decision is key. The Chairman of the Overview and Scrutiny Committee has been notified.

Due to the item containing ‘exempt’ information as defined in paragraph 3 of Schedule 12A of the Local Government Act 1972, the report should be restricted. In the absence of the Chairman, the Vice-Chairman of the Overview and Scrutiny Committee has been consulted and has agreed to the issue being considered in private, having had regard to the urgency and the sensitive nature of the report.

The Head of Regeneration and Housing submitted an exempt report to request approval to acquire land and proceed with a bid for EU funding.

Resolved

(1)          As set out in the exempt minutes.

(2)          That approval be given for Officers to facilitate negotiations between Graven Hill Development Company and the Local Housing Company (if approved, incorporated and registered as set out above) for the Local Housing Company to be the designated Registered Provider for the affordable housing at Graven Hill, subject to approval from both of the companies’ boards.

(3)          As set out in the exempt minutes.

(4)          That it be noted that the Council’s application for EU funding (to undertake a Research and Development (R & D) project for 7 prototype system houses) is through to the final stage and as such give approval for       

a)    The following Council owned sites to be made available (as part of match funding:

·         A single unit plot in Lincoln Close, Banbury;

·         A two unit plot in Angus Close Banbury;

·         Land to the rear of Orchard Way for four apartments.  

b)    The funding already allocated for the redevelopment of Orchard Way (external area) to be identified as capital match funding;  

c)    The schemes to proceed if funding is awarded.

Reasons

As set out in the exempt minutes.

Alternative options

As set out in the exempt minutes.