Purpose

To consider proposal to
commission Cornerstone Place to develop land at Grounds Avenue,
March and enter into relevant legal documentation to lease the land
to a Registered Provider (RP) for 125 years with the Council
providing directly the required management and support to the
residents in the properties.

Content

AGREED to delegate to the
Section 151 and Monitoring Officer in consultation with the
Portfolio holder for Housing and the Leader to:

·        
enter into agreement with Cornerstone to develop the
Grounds Avenue site to provide 12 properties to support the housing
duties;

·        
enter into
a 125-year lease with an RP for the land;

·        
enter into
a management lease with the RP to enable the Council
to control the nominations into and undertake the management and
support responsibilities; and

·        
allocate at-risk costs of circa £92k dependent
on a planning permission, securing a RP and the relevant grant
funding and private finance, all to be refunded at funds
drawdown.