Report of the Chief Executive.
Minutes:
The Cabinet Member with the Economy Portfolio introduced the report (previously circulated) of the Chief Executive requesting that consideration be given to the Council entering into an Infrastructure Development Agreement (IDA) with Homes England.
The submitted report stated that at the meeting of Cabinet held in March 2020, approval was obtained to sign a Memorandum of Understanding to grant an option or access rights to Homes England for the construction and adoption of a spine road over the Council’s land and provision of strategic infrastructure to facilitate the Burtree Garden Village Masterplan proposals; a hybrid planning application had been submitted by Homes England for Phase 1 of the Burtree Garden Village which had subsequently been approved by the Council’s Planning Committee; outlined the details of that planning application; stated that Homes by ESH Ltd, the Council’s Joint Venture partner was currently working up proposals to submit a reserved matter planning application; and that a further report to Cabinet would be submitted seeking approval for Homes by Esh Ltd to build the homes.
RESOLVED – (a) That it be agreed that the Council enter into the Infrastructure Development Agreement with Homes England in line with the terms, as set out in Appendix 2 Part III of the submitted report.
(b) That Delegated Authority be given to the Chief Executive and Executive Director Economy and Public Protection, in consultation with respective portfolio holders, to negotiate the IDA substantively in line with the terms, as set out in Appendix 2 of the submitted report, together with any other approvals and agreements required to facilitate the work covered by the submitted report.
(c) That the Assistant Director Law and Governance be authorised to document and complete the IDA accordingly.
REASONS – (a) To promote new development and Economic Growth on Burtree Garden Village.
(b) The provision of roads and strategic infrastructure should allow the Council to bring forward its land for residential development.
Supporting documents: