Issue - meetings

That:

1)        Wokingham Housing Limited, the Council owned Local Housing Company, (or a subsidiary of WHL) be selected as the development partner for housing schemes at the following sites:

·         Land adjacent to 6 Norton Road, Wokingham;

·         Land adjacent to 62 Finch Road, Earley; and

·         Land between 74-78 London Road, Wokingham.

2)        the Norton Road, Finch Road and London Road sites be transferred to Wokingham Housing Limited (WHL), or a subsidiary of WHL, on terms to be agreed by the Director of Finance and Resources in consultation with the Leader of the Council;

3)        the sites subject to Recommendation 1 above are appropriated for planning purposes under section 227 of the Town and Country Planning Act 1990 and Section 122 of the Local Government Act 1972;

4)        the proposed funding model be approved, including the allocation of up to £2,495,028 Section 106 receipts for the provision of affordable housing on these sites and funding on commercial terms for the private housing, in accordance with the Part 2 Report;

5)        the development brief for these sites be approved, including the proposed tenure mix;

6)       the transfer of land and funding for the Finch Road and London Road developments will be subject to WHL securing a planning consent for the schemes.

The Executive considered a report setting out proposals to select Wokingham Housing Limited (WHL) as the development partner for housing schemes at three general fund sites.

RESOLVED That:

1)        Wokingham Housing Limited, the Council owned Local Housing Company, (or a subsidiary of WHL) be selected as the development partner for housing schemes at the following sites:

·         Land adjacent to 6 Norton Road, Wokingham;

·         Land adjacent to 62 Finch Road, Earley; and

·         Land between 74-78 London Road, Wokingham.

2)        the Norton Road, Finch Road and London Road sites be transferred to Wokingham Housing Limited (WHL), or a subsidiary of WHL, on terms to be agreed by the Director of Finance and Resources in consultation with the Leader of the Council;

3)        the sites subject to Recommendation 1 above are appropriated for planning purposes under section 227 of the Town and Country Planning Act 1990 and Section 122 of the Local Government Act 1972;

4)        the proposed funding model be approved, including the allocation of up to £2,495,028 Section 106 receipts for the provision of affordable housing on these sites and funding on commercial terms for the private housing, in accordance with the Part 2 Report;

5)        the development brief for these sites be approved, including the proposed tenure mix;

6)       the transfer of land and funding for the Finch Road and London Road developments will be subject to WHL securing a planning consent for the schemes.