Decision details

To seek approval for the disposal of surplus land at Bonnington Walk to allow for the development of modular homes.

Cabinet:

1.      Approved the disposal of land at Bonnington Walk, Lockleaze to L&G Modular Homes, on the principles set out in this report;

2.      Authorised the Executive Director of Growth and Regeneration (with appropriate legal and procurement advice) in consultation with the Cabinet Member for Housing, to make minor variations to the precise boundaries of the site;

3.      Authorised the Executive Director of Growth and Regeneration (in consultation with the Director of Finance, Director of legal and the Cabinet Member for Housing), to take all steps necessary to finalise the terms of the proposed disposal and conclude all associated agreements and contracts;

4.      Authorised the Executive Director of Growth and Regeneration (in consultation with the Director of Finance, Director of legal and the Cabinet Member for Housing), to negotiate and, subject to financial viability, acquire the affordable housing units to be provided within the scheme and a further 21% of the units provided, for use as additional affordable housing or to meet other housing objectives;

5.      Approved the land shown in Appendix Ab being appropriated from the General Fund (Parks) to the HRA, subject to the land being declared surplus to requirements; with the necessary capital financing adjustments made to General Fund and HRA accounts based on the valuation of the land appropriated;

6.      Authorised the use of the HRA land receipt (subject to financial viability and value for money), for acquiring affordable homes on the site;

7.      Authorised the Executive Director of Growth and Regeneration (with appropriate legal and procurement advice) in consultation with the Cabinet Member for Housing, to conclude a non-binding Memorandum of Understanding with L&G Modular, to work in partnership to deliver new homes on the site.