Content

Salford City Council -
Record of Decision
 
Sale of market sale properties
and transfer of social, affordable and shared ownership homes
developed by the Council at Longshaw Drive, Little Hulton to
Dérive RP.
 
I Paul Dennett, City Mayor, in exercise of the powers contained within the City
Council Constitution do
hereby:
 

Approve the disposal of 30 properties in
the remaining phases of development at the Longshaw Drive site
for market sale to individual purchasers at the estimated values
set out in the report by way of freehold transfer, with further
approval to be delegated to the Executive Director of Place to
agree any variations or sales incentive packages in line with
market evidence.
Approve the disposal of 20
properties in the remaining phases of development for shared
ownership sale to Dérive RP at the
values set out in the report by way of freehold
transfer.
Approve the disposal of 44
properties for social rent and 42 properties for affordable rent in
the remaining phases of development to Dérive RP at the values set
out in the report by way of freehold transfer.
Approve the lending of £3,725,537 (plus legal fees and
associated costs) to Dérive RP to fund the
acquisition of the shared ownership units, subject to drawdown of
Homes England shared ownership grant funding.
Approve the
lending of £11,887,685 (plus legal fees and associated costs)
to Dérive RP to fund the
acquisition of the social and affordable units, subject to drawdown
of Homes England affordable rent and social rent grant
funding.
Note the tenure mix, phasing and sales programme for
the remainder of the development as set out in the report,
comprising 159 units.  
Delegate authority to
the Executive Director of Place in consultation with the S151
officer to: negotiate, agree, and finalise the detailed terms of
the transaction, including such arrangements on estate management,
repair and service charge and title matters.
Authorise the Shared
Legal Service or externally appointed solicitors to prepare all
necessary documentation and to take all steps which are required to
give effect to the above recommendations.

 
The Reasons are:
To authorise sales values of
remaining market sale plots for marketing for sale to individual
purchasers and transfer and loan values for disposal of 106 homes
to Dérive RP.
 
Options considered and rejected
were: n/a
 
Assessment of Risk: Medium
 
The source of funding
is: Housing Capital Programme,
with loan to be repaid by Dérive
RP over 50 year term.
 
Legal Advice obtained:Kate Bouchier (Property) and
Kathryn Saldanha (Finance)
 
Financial Advice obtained:
Alison Woods, Commercial Finance Manager.
 
Procurement Advice obtained:
n/a
 
HR Advice obtained:
n/a
 
Climate Change Advice obtained:
Mike Hemingway - Principal Officer – Climate
Change.
 
All homes are being built to
Passivhaus standard ensuring they are cheaper for residents to heat
and result in significantly lower than average
emissions.
 
The following documents have
been used to assist the decision process: n/a
 
Public briefing report
submitted to Property/Regen Briefing held on 23rd June
2025

Contact Officer: John
Nugent
Asst Principal Development
Surveyor                             
Email: john.nugent@salford.gov.uk
 
 
-      
This decision is not subject to consideration by another Lead
Member.
-      
The appropriate scrutiny to call-in the decision is the Growth and
Prosperity Scrutiny Panel.                       

 
Signed:                                                   
City Mayor
Dated:   23rd 
June 2025
 
 
This decision was published on Thursday 26th June 2025                    
                      
This decision will come in force at 4.00 p.m. on
Friday 4th June 2025          
unless it is called-in in
accordance with the Decision Making Process
Rules.