Decision details

Northstowe - Update and Recommendations (Cabinet, 11 July 2022)

Decision Maker: Council, Cabinet

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

Endorse proposed investment route and route to market

Decision:

Council agreed to

 

       I.    Approve additional funding for the Phase 1 community buildings of: 

 

a.      £1.53m for the Sports Pavilion (including an allocation of £300k from the Renewable Energy Reserve) 

 

b.      £6.5m for the Community Building funded from Capital Receipts. 

 

     II.    Approve an amendment to the Capital Programme to increase the allocation by £1.38m for the Phase 2 Civic Hub funded by the s106 to reflect the total allocation after indexation. 

 

    III.   Approve an additional £4.82m allocated to the Civic Hub programme funded from Capital Receipts.  

 

   IV.   Note that the Phase 2 Sports Pavilion is likely to be underfunded, but that delivery is not expected until 18 months after the 500th occupation on Phase 2.  Although an exact amount cannot be estimated at this time, it is proposed an additional allocation of £2m be made in the General Fund Capital Programme, funded from Capital Receipts, for this project.  

 

     V.    Create a further provision of £433,000 (£219,000 plus indexation) for the Phase 1 Section 106 shortfall.  

 

   VI.   Create a provision for Phase 2 Section 106 commitments of £1.6m 

 

  VII.    Request that officers undertake a further review of infrastructure prioritisation in the S106 agreement for phase 2 in light of this report and report the matter back to the Planning Committee for consideration.    

 

VIII.   Agree to the Community Centre and Local Centre being built on Parcel 6 via a Direct Delivery or Development Manager model.  

 

   IX.   Pause the wider Enterprise Zone development (on Parcels 1,2, 3 and 4) for an initial period of 12 months. A report to come back to Council in six months’ time.

 

     X.    Agree the approach to Parcel 5 taking into account the option agreement set out in the exempt section of this report 

Publication date: 22/07/2022

Date of decision: 21/07/2022

Decided at meeting: 21/07/2022 - Council

Accompanying Documents: