Issue - meetings
ALMO New Build Programme - development of housing schemes at Ander Close, Mead Court and Coppermead Close
Meeting: 14/09/2010 - Executive (Item 6)
6 ALMO New Build Programme PDF 579 KB
This report seeks to progress the Brent Housing Partnership Limited (BHP) development of five new affordable homes under the Homes and Communities Agency’s (HCA) 2008-11 National Affordable Housing Programme. This report specifically requests the Executive to agree to dispose of the Ander Close, Mead Court and Coppermead Close Garage sites to BHP at nil financial consideration and to allow BHP to enter into a Grant Agreement with the HCA and for the Council to enter into a Performance Guarantee Bond and Rent Charge Agreement with the HCA. The Council will receive 100% nomination rights to these homes.
(Appendices also below).
Additional documents:
- PINK-h&cc-almo-app-cover , View reasons restricted (6/2)
- ALMO-app4-financial-info , View reasons restricted (6/3)
- ALMO-app5-scheme-appraisals , View reasons restricted (6/4)
Decision:
(i) that approval be given to dispose of the Council owned HRA land at the Ander Close, Mead Court and Coppermead Close Garage sites to BHP at nil financial consideration;
(ii) that approval be given to enter into a building lease with BHP under which they will agree to procure the construction of the five new homes on terms to be determined by the Director of Housing and Community Care in consultation with the Borough Solicitor;
(iii) that BHP be authorised to finance the development using its reserves to cover the shortfall in funding the scheme subject to the availability of grant. The reserve sum is shown in appendix 4 of the report from the Director of Finance and Corporate Resources;
(iv) that BHP be authorised to enter into a new Grant Agreement with the HCA and allow the Council to enter into:
(1) a Performance Guarantee Bond in respect of the Grant Agreement on terms to be approved by the Director of Finance and Corporate Resources
(2) a Rent Charge Agreement to charge the council’s freehold land to the HCA as required by the Grant Agreement on terms to be approved by the Borough Solicitor.
Minutes:
Councillor Thomas introduced the report on the ALMO new build programme which sought to progress the Brent Housing Partnership Limited (BHP) development of five new affordable homes under the Homes and Communities Agency’s (HCA) 2008-11 National Affordable Housing Programme. This report specifically requested the disposal of the Ander Close, Mead Court and Coppermead Close Garage sites to BHP at nil financial consideration, to allow BHP to enter into a Grant Agreement with the HCA. and for the Council to enter into a performance guarantee bond and rent charge agreement with the HCA. The Council would receive 100% nomination rights to these homes. Councillor Thomas added that this arrangement would help address the problem of overcrowding in the borough.
The Director of Housing and Community Care agreed to look into the issue of alternative access to Oak Tree Dell and advise.
The Executive also had before them appendices to the report which were not for publication as they contained the following category of exempt information as specified in the Local Government Act 1972, namely:
Information relating to the financial or business affairs of any particular person (including the authority holding that information).
RESOLVED:-
(i) that approval be given to dispose of the Council owned HRA land at the Ander Close, Mead Court and Coppermead Close Garage sites to BHP at nil financial consideration;
(ii) that approval be given to enter into a building lease with BHP under which they will agree to procure the construction of the five new homes on terms to be determined by the Director of Housing and Community Care in consultation with the Borough Solicitor;
(iii) that BHP be authorised to finance the development using its reserves to cover the shortfall in funding the scheme subject to the availability of grant. The reserve sum is shown in appendix 4 of the report from the Director of Finance and Corporate Resources;
(iv) that BHP be authorised to enter into a new Grant Agreement with the HCA and allow the Council to enter into:
(1) a performance guarantee bond in respect of the grant agreement on terms to be approved by the Director of Finance and Corporate Resources
(2) a rent charge agreement to charge the council’s freehold land to the HCA as required by the grant agreement on terms to be approved by the Borough Solicitor.