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Agenda item

Biggins Wood - Development Update

The report (with redaction to cover commercially sensitive matters) provides an update to Members regarding the current position of the Biggins Wood site. Following the last Cabinet report in July 2019 (C/19/12) the report updates on the sale of the housing land as previously agreed and asks Members to consider new offers made for the commercial element of the site. The report provides details of the Council’s successful bid to One Public Estate’s, Brownfield Sites Release Fund and outlines the forward programme for ecology, remediating the site, and delivering the associated infrastructure. Members are also asked to note that Officers will be publishing a tender for the remediation and infrastructure works in order to commence works as early as possible in 2022.

 

Should Members wish to discuss the commercially sensitive matters, the agenda will progress to item 13.

Minutes:

The report (with redaction to cover commercially sensitive matters) provides an update to Members regarding the current position of the Biggins Wood site. Following the last Cabinet report in July 2019 (C/19/12) the report updates on the sale of the housing land as previously agreed and asks Members to consider new offers made for the commercial element of the site. The report provides details of the Council’s successful bid to One Public Estate’s, Brownfield Sites Release Fund and outlines the forward programme for ecology, remediating the site, and delivering the associated infrastructure. Members are also asked to note that Officers will be publishing a tender for the remediation and infrastructure works in order to commence works as early as possible in 2022.

 

Proposed by Councillor John Collier

Seconded by Councillor David Godfrey and

 

Resolved:

1.    To receive and note report C/21/51.

2.    To note that legal work has progressed with xxxxxxxxxxxxxxxxxxxxxxx for the disposal of the residential land as previously agreed by Cabinet in July 2019. 

3.    To agree that offer One ‘A’ from xxxxxxxxxxxxxxxxxxxx for the commercial element of the site represents best value to the Council and provide delegated authority to the Director, Housing & Operations to commence legal work to conclude the deal. 

4.    To note acceptance of the Brownfield Land Release Fund of the sum of £1.15m. 

5.    To agree that the Council deliver the site via a Design & Build contract to bring forward a clean, serviced site ready for disposal and provide delegated authority to the Director, Housing & Operations in consultation with the Cabinet Member for Property Maintenance and Grounds Maintenance to enter into the contract following appropriate procurement processes. 

6.    To agree that the funding in the existing Capital Programme totalling xxxxxxx (for Biggins Wood) is to be used with the Brownfield Land Release Fund of £1.15m to undertake the remediation and servicing of the site. 

7.    To seek Full Council approval to increase the budget for the scheme by xxxxxx to xxxxxx and to provide a further contingency budget of xxxxxx to meet any further costs associated with remediating and servicing the site from the Business Rates Growth Fund held in the Economic Development Reserve. 

8.    To agree that the Director for Housing & Operations be authorised with the agreement of the Leader of the Council and Cabinet Member for Property Management and Grounds Maintenance and in consultation with the Director of Corporate Services to undertake any further activity to conclude the agreements set out in this paper and dispose of the site. 

9.    To approve that xxxxxx of the capital receipt from the anticipated sale of the overall site is used to reduce the Capital Financing Requirement to offset the prudential borrowing incurred for the General Fund element of the original acquisition costs and fees. 

 

 

(Voting: For 7; Against 0; Abstentions 1)

 

The council has received two new offers for the commercial element of the site which need to be considered by Members. The report also updates Members of the Council’s success in obtaining funding from the Government’s One Public Estate – Brownfield Land Release Fund and outlines a clear way forward including tendering a new Design and Build contract to bring forward a clean, serviced site ready for disposal to the Council’s delivery partners.

 

 

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