Issue - meetings
Approval for funding of land for affordable housing at Claypits Lane, London Road, Bicester
Meeting: 07/12/2009 - Executive (Item 87)
87 Approval for Funding at Claypits Lane, London Road, Bicester 
PDF 64 KB
Report of Head of Housing Services
Summary
To seek approval for expenditure of £187,250 grant funding from the Capital Reserves for Affordable Housing towards the land for affordable housing at Claypits, Bicester.
Recommendations
The Executive is recommended to:
(1) Approve a supplementary capital estimate of £187,250 to secure nomination rights to four affordable housing units at Claypits, London Road, Bicester.
Additional documents:
- Appendix A Claypits, item 87
PDF 315 KB
- Webcast for Approval for Funding at Claypits Lane, London Road, Bicester
Decision:
Agreed.
Minutes:
The Head of Housing Services submitted a report to seek approval for expenditure of £187,250 grant funding from the Capital Reserves for Affordable Housing towards the land for affordable housing at Claypits, Bicester.
Resolved
That a supplementary capital estimate of £187,250 be approved to secure nomination rights to four affordable housing units at Claypits, London Road, Bicester.
Reasons - Executive approved the expenditure for the Claypits scheme in May 2006 but delays with the land transfer has meant this allocated funding has not been spent to date. This report is to re-refer this matter to Executive and if approved reinstate the planned expenditure into the Capital budget.
Options
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Option One |
To agree to reinstate the approval of grant funding of £187,250 for this scheme.
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Option Two |
To not approve funding for the scheme with the understanding that the terms of the transaction and the planning agreement will need to be varied and the affordable housing units are not provided.
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Councillors Reynolds and Turner left the meeting whilst the following agenda item was discussed.