That:
1) Wokingham Housing Limited or another Council-owned Local Housing Company be selected as the development partner for housing schemes at the following sites:
· Land at Wellington Road/Station Road, Wokingham;
· Land at the former Woodley Age Concern, South Lake Crescent, Woodley.
2) the Council transfers the Wellington Road/Station Road and land at the former Woodley Age Concern sites to a Council-owned housing company on terms to be agreed by the Director of Corporate Services in consultation with the Lead Members for Housing and Finance;
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, including the allocation of up to £550,000 Section 106 receipts for the provision of affordable housing, in accordance with the Part 2 Report, be approved;
5) the development brief for these sites, including the proposed tenure mix be approved;
6) the transfer of land and funding for the Wellington Road/Station Road and former Woodley Age Concern site developments will be subject to WHL securing a planning consent for the schemes and the necessary Board approvals.