Report of the Managing Director and the Director of Economic Growth and Neighbourhood Services (Exclusion Resolution No. 3)
Minutes:
The Cabinet Member with the Efficiency and Resources Portfolio introduced the report of the Managing Director and the Director of Economic Growth and Neighbourhood Services (previously circulated) requesting that consideration be given to the release of Housing Investment Funding (HIF) for the Stag House Farm housing development.
The submitted report outlined the background to the proposal and the financial and regeneration implications.
RESOLVED - That subject to receiving
the £2.48m Housing Investment Funding, the release of the
funding for the Stag House Farm scheme, be approved, and following
repayment the money be subsequently recycled into further
infrastructure on Stag House Farm/West Park and/or new housing
schemes in Darlington.
REASONS - To assist in the delivery of the Economic Strategy by accelerating the building of new homes.
Supporting documents: