Agenda and decisions

To receive Apologies for Absence from Members.

Council

Agreed          to

A)       Approve an investment decision in the housing development site to the northwest of Cambourne as set out in detail in the approved SCIP LLP Project Plan (Exempt Appendix 1); the development of the site is through SCIP LLP.

B)       Provide a mandate to the Council’s SCIP LLP Board Members for decisions facilitating the development of the site and delivery of the Council’s Investment as set out in the approved SCIP LLP Project Plan (Exempt Appendix 1) which is adopted by the SCIP Board.  The Project Plan will change at milestones during the delivery phase of the scheme in accordance with SCIP LLP Board governance.  The mandate is subject to SCIP implementing a planning consent which is unfettered by legal challenge.

C)       Approve the Chief Finance Officer’s Report set out in Exempt Appendix 2 with the planned commitments associated with the Council’s borrowing (internal and/or external).  The Investment Plan will be refined and updated in line with amendments to the SCIP Project Plan approved by the SCIP Board during the delivery phase.  The Council’s funding will be built into the Capital Programme.

D)       Note the decision made in May 2021 relating to the HRA purchase of c 120 units.  This decision is now the subject of a separate report on this agenda.

E)        Note a licence will be granted by CBPL to SCIP for works to be undertaken on the land parcels which are in CBPL ownership, and which are included within the SCIP planning redline.  A plan and details of the proposed works are set out in Exempt Appendix 3.

F)        Authorise officers to undertake, at the appropriate time, a procurement exercise to identify a tenant for the café.

Council

Agreed           to

A)       Approve this acquisition, authorising the Service Manager – Acquisitions and Development to proceed to contract with the developer (SCIP).

B)       Approve the onward sale of the relevant Shared Ownership homes (30).