Decision details

RESOLVED:

Decisions of the Cabinet

1.  That the use of the GLA’s London Development Panel as outlined in paragraphs 43 to 62 of the report to procure two development partners for a package of Southwark Regeneration in Partnership Programme sites over a 6 to 10 year period be approved.

2.  That the inclusion of the sites as listed in Appendix 1 of the report in the package of the Southwark Regeneration in Partnership Programme to be tendered in two separate lots be approved.

3.  That the indicative financial appraisals as outlined in paragraphs 118 to 120 of the report indicate that the package is viable and will attract sufficient market interest to assure best value is achieved be noted.

4.  That it be noted that the director of regeneration will be responsible for making a recommendation to the cabinet member for regeneration and new homes on the final blend of sites and tenure variations across the two lots.

5.  That it be noted that the forward funding requirement of £2,000,000 will be met from the housing investment programme by re-profiling current commitments and that the financial assumptions underpinning this investment as outlined in paragraph 129 of the report be duly noted.

Decisions of  the Leader of the Council

6.  That the financial viability of, and any variation to, lots A and B of the Southwark Regeneration in Partnership Programme prior to tender as condition of the procurement approval be delegated to the cabinet member for regeneration and new homes (in consultation with the director of regeneration).

7.  That approval of the contract awards (one for each lot) be delegated to the cabinet member for regeneration and new homes.