That:
1) Wokingham Housing Limited, the Council owned Local Housing Company, (or a subsidiary of WHL) be selected as the development partner for affordable housing schemes at the following sites:
· Land adjacent to 52 Elizabeth Road, Wokingham;
· Land adjacent to 86 Emmbrook Road, Wokingham;
· Land adjacent to 9 Middlefields, Twyford;
· Land between 68 and 69 Orchard Estate, Twyford; and
· Land between 24 and 25 Gorrick Square, Wokingham.
2) the Council transfers the above sites 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 modl be approved, including the allocation of up to £3,054,123 Section 106 receipts for the provision of affordable housing towards these sites 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 Emmbrook Road, Middlefields, Orchard Estate and Gorrick Square developments will be subject to WHL securing a planning consent for the schemes;
7) the transfer of land and funding for the Elizabeth Road development to WHL will be subject to attracting grant funding from the Homes and Communities Agency (HCA).