Becontree Heath Masterplan and Delivery - Appointment of Development Partner
Concerns the financial and business affairs of tenderers (paragraph 3)
Additional documents:
Minutes:
Further to Minutes 143 (24 April 2012) and 48 (22 October 2013), the Cabinet Member for Regeneration presented a report seeking approval for the appointment of a development partner for the delivery of the Becontree Heath masterplan scheme following a competitive tender exercise.
In response to questions and comments from the Cabinet Member for Adult Social Care and Health, the Cabinet Member for Regeneration referred to the information in the report regarding the number of shared ownership and affordable homes proposed by the tenderers. He also clarified that the Council would have the option of acquiring some of the units for affordable rent (65%-80% of market rent) in lieu of part or all of the land receipt under the preferred tenderer’s proposals.
Cabinet resolved to:
(i) Agree the appointment of Countryside Properties as the Council’s preferred development partner for the delivery of the Becontree Heath masterplan scheme;
(ii) Agree that options 2 and 5 of Countryside Properties’ submission be pursued as the Council’s preferred options for determining the final scheme; and
(iii) Delegate authority to the Chief Executive, in consultation with the Cabinet Members for Regeneration, Housing and Finance, the Chief Finance Officer and the Head of Legal and Democratic Services, to determine the preferred scheme, approve the final details and enter into all necessary agreements to enable the preferred scheme to be delivered.