Paragraph 3 – Information relating to the financial or business affairs of any particular person (including the authority holding that information)
Council considered the recommendation from Cabinet on the construction costs for Victory Place, Ashford.
The increase in capital spend for construction works would deliver an additional 19 units over and above the initial feasibility for much needed key worker (a version of affordable) and S106 affordable, housing primarily for our Borough’s key workers including adjacent NHS staff.
Resolved to approve the increase in Capital spend for construction works, from £16.25m to £25.93m.
Paragraph 3 – Information relating to the financial or business affairs of any particular person (including the authority holding that information)
Cabinet considered an exempt report on the construction costs for Victory Place, Ashford.
Alternative options considered and rejected by the Cabinet:
· Delay works
· Do nothing
Resolved to:
1. Recommend to Council to approve the increase in Capital spend for construction works, from £16.25m to £25.93m. This increase delivers an additional 19 units over and above the initial feasibility;
2. Authorise the Group Head of Corporate Governance to enter into any legal documentation necessary to implement this construction project; and
3. Approve the appointment of the contractor to undertake these works as contained in this paper.
Reasons for Decision
· To facilitate the development of much needed key worker (a version of affordable) and S106 affordable, housing primarily for our Borough’s key workers including adjacent NHS staff. The site also has a history of antisocial behaviour and our proposals will contribute towards the regeneration of this area.
· To reflect the Council’s firm intention to provide more affordable housing in the Borough.
· To meet the needs of local residents by improving the quality and quantum of residential accommodation within the Borough.
· To increase the provision of well managed and affordable rental properties within the Borough.