-
Issue - meetings
Lower Tier Site, Bexhill Road
Meeting: 01/10/2018 - Cabinet (Item 107)
Lower Tier Site, Bexhill Road
Minutes:
Andrew Palmer, Assistant Director Housing & Built Environment submitted a report on a Lower Tier Site Development. The purpose of the report was to seek agreement and associated funding to progress the development of the site.
The land had originally been identified for housing development as part of the proposed Sports Village planned for Bulverhythe. Homes England had allocated funds for flood remediation measures through its Marginal Viability Fund (MvF). Unfortunately, the main development partner withdrew from the scheme and an alternative partner was not forthcoming.
As the site no longer formed part of the developer’s plans it is was now proposed that the council take on a key role in the residential development of the Lower Tier site in order to ensure that housing opportunities, revenue generation and benefits for the local community were maximised.
It was further proposed that the council secure a joint venture partner to take forward the development providing development expertise and sharing risk with the Council.
Cabinet was also advised that the Council had managed to secure an increased level of funding through the Homes England Accelerated fund
Under Rule 13.3 of the council constitution, this item was agreed without being called for discussion.
RESOLVED that:
1. That officers procure a joint venture partner to take forward development of the Lower Tier site at Bexhill Road with a view to enabling a mixed tenure housing scheme.
2. That subject to a resolution of the Town or Village Green (TVG) application, the council/partners submit a planning application for the comprehensive redevelopment of the site.
3. That the council enters into a funding agreement with Homes England so that it can secure funding from the Local Authority Accelerated Construction fund to enable plans for flood remediation and other infrastructure measures to be undertaken.
4. That a budget is allocated from General Reserves to obtain expert advice regarding appropriate joint venture structures.
5. Subject to the above, that a further report is brought to a future Cabinet seeking the necessary development funding to take the scheme forward.
The reasons for these recommendations were:
1. By taking forward the above recommendations, the council will ensure that the borough benefits from Homes England funding up to the value of £6.9m which has been awarded to bring forward the residential development of the Lower Tier site at Bexhill Road. The council will be a lead partner and have the ability to influence the development of the site, including the affordable housing provision, environmental considerations and requirements for onsite local employment. Extensive remediation work is required to bring the site up to a marketable value, which is not viable without external funding.
2. The funding provides an opportunity to develop circa 170 new homes that would otherwise not be possible these homes will make a significant contribution to local housing need across a range of tenures. With the development of the council’s Housing Company, an opportunity also exists to purchase properties for the company, creating a new income stream ... view the full minutes text for item 107
-
My council
Contact
Contact us if you have a question about democratic services.
Content
The content on this page is the responsibility of our Democratic Services team.