Issue details
New Homes - setting up a development company
PDF 97 KB[Decision abandoned]
The Mayor in Cabinet To Approve:
§ The creation of a development company to be wholly owned by the Council for the purpose of developing new affordable homes but not to exclude any other tenures
§ The creation of an independent Board of Management for the Development Company
§ Entering into the legal agreements necessary to set up and operate the development company
§ The allocation of General Fund funding to the development company as explained in the report
§ The construction and sale of intermediate and private housing units in order to fund more affordable homes in the borough
The Mayor in Cabinet To Authorise:
· Authorise the Corporate Director Development & Renewal in conjunction with the Director, Legal Services, to enter into all legal agreements in pursuance of the creation of the Development Company
· to authorise the Corporate Director Development & Renewal, to approve the details of the proposed development schemes subject to planning
· Authorise the Director, Development & Renewal to take the necessary actions to deliver the schemes, including entering into contract with consultants, funding organisations and developers
· Authorise the procurement of the required professional and technical services and works contracts and utilising suitable procurement frameworks available to the public sector
· Authorise the Corporate Director Development & Renewal, in consultation with the Mayor to award all necessary contracts to undertake the schemes
· Authorise the Corporate Director Development & Renewal, in consultation with the Service Head - Legal Services to agree the terms of the necessary contracts
· Authorise the Service Head - Legal Services to execute all necessary documents to implement the decisions in respect of this report
Decision type: Key
Decision status: Abandoned
Wards affected: (All Wards);
Notice of proposed decision first published: 11/08/2014
Open/Exempt: Open;
Decision due: Not before 8th Apr 15 by Cabinet - Expired
Lead member: Cabinet Member for Housing and Development
Lead director: Corporate Director, Development & Renewal
Contact: Jackie Odunoye odunoye@hotmail.com.
Consultation process
Through meetings with local TRAs.
Consultees
Prior to the Cabinet Meeting of 3rd December 2014, consultation will take place with the local Tenants and Residents Associations on the estates where developments are proposed.
Tower Hamlets Homes will undertake the consultation via their established programme of resident engagement. As the schemes progress through to the planning stage, the views of local residents will be sought on the design plans and will be included where possible in the planning application.
Has an Equality Analysis been carried out and if so the result of this Assessment?: No
What supporting documents or other information will be available?: None.