Issue details

Lollard Street Development Agreement for provision of new homes and nursery school

(1)          To approve entering into a conditional Development Agreement with Braeburn Estates (Lollard Street) Ltd developers for new homes, a new nursery and children’s centre and associated works.

(2)          To delegate authority to the Strategic Director, Delivery, in consultation with the Cabinet Member for Housing and Strategic Director, Enabling to approve the final terms of the Development Agreement.

(3)          To apply the net capital receipt generated from the homes for sale to fund a future programme of new affordable housing in the Borough.

(4)          To approve the exercise of the Council powers of appropriation for planning purposes

(5)          To approve the temporary relocation of the Ethelred Nursery and Children’s Centre at Shelly School and White Hart Street during the redevelopment period.

(6)          To approve project costs of £600k to be funded from the capital receipts for the 19 new homes for sale

(7)          To approve £2m to be held in the pipeline in the event that Braeburn does not recoup the fixed works costs for the new homes for sale within 12 months of practical completion

Decision type: Key

Reason Key: 2. Financial;

Decision status: Recommendations Approved

Wards affected: Bishop's; Prince's;

Notice of proposed decision first published: 11/10/2013

Decision due: 28 Jul 2015 by Deputy Leader of the Council (Planning, Investment and New Homes)

First appeared on forward plan: 11 October 2013

Lead member: Deputy Leader of the Council (Planning, Investment and New Homes)

Lead director: Strategic Director: Neighbourhoods and Growth

Department: Neighbourhoods & Growth

Contact: Lesley Johnson, Consultant, Strategic Housing, Regeneration & Communities Email: Ljohnson3@lambeth.gov.uk Tel: 020 7926 7125.

Consultees

Princes and Bishops Ward Members

Decisions

Documents

  • Resolution to grant planning permission for Shell Centre development