Modified, new recommendation (iv)
(i) The Council implements the contractual procedure to bring the Pre-Construction Services Agreement (PCSA) contract with Drew Smith (DS) to an end for the delivery of Plots 2, 9 & 10. (See Appendix 1 for locations).
(ii) The Council ceases delivery itself, of the design and build contracts for Townhill Park Plots 2 and 9.
(iii) Townhill Park Plots 2 and 9 are transferred to the council’s Affordable Homes Framework (AHF) to be offered to the framework Delivery Partners by way of the mini tender process as part of the first tranche of sites approved by Cabinet in December 2022.
(iv) The Executive Director of Place in consultation with the Executive Director of Wellbeing and Housing and following consultation with the Leader of the Council to have delegated powers to make a decision regarding the future delivery of plot 10 Townhill Park following consideration of the options.
(v) That Cabinet notes that this report has implications for the council’s ability to spend its Right to Buy Receipts in the allocated timeframe. Failure to spend in the timeframe means the money needs to be paid to Government with interest. There is therefore a need to identify alternative options to spend the Right to Buy receipts.