AGREED to delegate to the Section 151 and Monitoring Officer in consultation with the Portfolio holder for Housing and the Leader to:
· enter into agreement with Cornerstone to develop the Grounds Avenue site to provide 12 properties to support the housing duties;
· enter into a 125-year lease with an RP for the land;
· enter into a management lease with the RP to enable the Council to control the nominations into and undertake the management and support responsibilities; and
· allocate at-risk costs of circa £92k dependent on a planning permission, securing a RP and the relevant grant funding and private finance, all to be refunded at funds drawdown.