Council is asked to note the urgent officer decision taken by the Executive Director (Development) on 31 October 2019 to enter a contract with Homes England to secure £6.088m for infrastructure.  These funds will enable new development at Osney Mead Innovation Quarter under the Housing Infrastructure Fund Marginal Viability Scheme

Council is also asked to amend the capital budget to include these funds of £6.088m for this project in the Council’s capital programme.

Councillor Brown, the Leader of the Council, will present the report

Recommendations: that Council resolves to:

1.    note the urgent officer decision taken by the Executive Director (Development) on 31 October 2019 to enter a contract with Homes England to secure £6.088m for infrastructure.

2.    approve the inclusion of a budget of £6.088m in the Council’s capital programme for Osney Mead Infrastructure enabling works.

Council considered the record of the urgent officer decision taken by the Executive Director (Development) on 31 October 2019 to enter a contract with Homes England to secure £6.088m for infrastructure to enable new development at Osney Mead Innovation Quarter under the Housing Infrastructure Fund Marginal Viability Scheme, and a recommendation to amend the capital budget to include these funds in the Council’s capital programme.

Councillor Brown, the Leader of the Council, presented the report and answered questions. She moved the recommendations, which were agreed on being seconded and put to the vote.

Council resolved to:

1.    note the urgent officer decision taken by the Executive Director (Development) on 31 October 2019 to enter a contract with Homes England to secure £6.088m for infrastructure.

2.    approve the inclusion of a budget of £6.088m in the Council’s capital programme for Osney Mead Infrastructure enabling works.