Decision details

To select a development partner to work with the council to deliver the regeneration of the Aylesbury Estate to provide 3,500 new mixed tenure homes

RESOLVED:

1.  That the selection of Notting Hill Housing Trust (Walworth Unlimited) as the council’s preferred development partner for the regeneration of the Aylesbury Estate on the terms as set out within the report be approved.

2.  That authority be delegated to the chief executive to agree the final terms of the development partnership agreement and all associated contract documents with Walworth Unlimited (in consultation with the cabinet member for regeneration and corporate strategy) and to approve the award of the contract (Gateway 2).

3.  That the selection of the second placed bidder, the consortium of L&Q\Countryside\Peabody (WE) as reserved partner be approved. In the event that it is not possible to agree the final terms of the development partnership agreement with Walworth Unlimited, that authority be delegated to the chief executive (in consultation with the cabinet member for regeneration and corporate strategy), to exclude Walworth Unlimited and revert to WE to agree the terms of a development partnership agreement to reflect its BAFO submission, provided that these terms conform with financial and commercial principles and the council’s requirements set out in the report. 

4.  That the financial implications set out in paragraphs 137-146 of the report be noted.

5.  That it be noted that the proposed Development Partnership Agreement will deliver £1.25m of funding over the years 2015-2020 for community development services in the Aylesbury area plus a long term income stream from the ground rents payable on the new private and intermediate units.