Decision details

That Cabinet:

1.          Notes that Appendix 2 is not for publication on the basis that it contains information relating to the financial or business affairs of any particular person (including the authority holding that information) as set out in paragraph 3 of Schedule 12A of the Local Government Act 1972 (as amended).

2.          Notes that Full Council approval will be sought for a total Development capital budget, including contingencies, to deliver the proposed new one form entry school and associated nursery and SEND facilities and new homes, to be funded through a combination of HRA  and GF borrowing, Right to Buy receipts and capital sales receipts from shared ownership and private leasehold sales, as set out in exempt Appendix 2.

3.          Authorises the Strategic Head of Regeneration and Development to take decisions on expenditure against this contingency budget subject to the continued viability of the development.

4.          Approves the Procurement Strategy, as set out in Appendix 3, to procure a principal construction contractor, using a single stage lump sum JCT standard form of building contract, on a design and build basis, via a two-step mini competition procurement route, using the preferred Notting Hill Genesis Framework Agreement (NHG).

That Full Council:

5.          Approves a total Development capital budget, to deliver the proposed new school, nursery and new homes. The budget will be funded through a combination of HRA and GF borrowing, Right to Buy receipts and capital sales receipts from shared ownership and private leasehold sales, as set out in exempt Appendix 2.