Agenda and minutes

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The Leader referred those present to agenda Item 1 as shown on the agenda in respect of filming at this meeting and asked that those present reviewed and noted the information contained therein.

The Leader will advise of any items they have decided to take as urgent business.

None

There were no Declarations of Interest.

The report seeks authority to allocate additional funding from Right To Buy Receipts to Newlon Housing Trust, to cover 30% of verified scheme costs of the Monument Way scheme, up to a limit of £6.5m, which would result in an increase of up to £700,000 in addition to the £5.8m already allocated to the scheme.

The Leader considered a report which sought approval for an additional allocation of £700,000 from Right to Buy receipts for the delivery of affordable housing at Monument Way. 

RESOLVED

(i)            To approve the further additional allocation of a sum of up to  £700,000 of  RTB receipts as top up to the £5.8m of grant funding (previously approved by Cabinet on 15^th March 2016 and the Cabinet Member for Housing, Regeneration and Planning on 5^th October 2017 ) making a total grant funding from RTB receipts of up to £6.5m subject to such funding being capped at a maximum of 30% of the total development costs to be provided by Newlon Housing Trust and subject to the Council having 100% Nominations Rights for the 54 affordable rented units.

(ii)          To grant delegated authority to the Director of Regeneration after consultation with the Cabinet Member for Housing, Regeneration and Planning, the Chief Finance Officer and the Assistant Director of Corporate Governance to agree the final amount, the terms and conditions for providing the Right to Buy grant funding capped at a maximum of 30% of the verified development costs. 

(iii)         To note the existing authority delegated to the Director of Regeneration, Planning and Development after consultation with the Cabinet Member for Housing, Regeneration and Planning, the Chief Operating Officer and the Assistant Director of Corporate Governance to agree the final amount, the terms and conditions for providing the grant funding up to a value of £1.5m, as agreed by the Leader on 14^th February 2017, and to note the allocation of a sum of £1.328m to fund infrastructure works as set out in paragraph 4 of this report, as agreed at Capital Board and subject to the Council’s budget setting process being concluded within this specified budget.

Reasons for decision

Right to Buy Funding

There is an acute shortage of housing supply, particularly of affordable housing, in Haringey. The borough has engaged with Registered Providers and identified a development pipeline of sites where input of Right to Buy (RTB) receipts to grant fund up to 30% of total development costs will help address this shortage by enabling a higher proportion of affordable rented homes to be developed than may otherwise be the case.

The Monument Way site sits within the Tottenham Housing Zone. The Council considers the site suitable for affordable rented homes. The site can be delivered relatively quickly and independently of other sites in the Housing Zone.

The Council are not in a position to undertake the development themselves due to insufficient resources and have been working with Newlon Housing Trust, as a strategic Registered Provider partner, to take forward the development as they have the development capacity and expertise to efficiently deliver housing and the financial capacity to provide the necessary 70% match-funding. The Council holds the freehold of the all land within the Monument Way site and has agreed to lease the land to Newlon Housing Trust to undertake the development.

For the reasons highlighted  ...  view the full minutes text for item 228.

The report seek Leader approval for a further variation of a land disposal agreement at Tottenham Hale, previously agreed by Cabinet in July 2016. The variation relates to plots 9A and 9B, following further development of designs and based on the latest land assembly provision.

The Leader considered a report which sought approval for a further variation of a land disposal agreement at Tottenham Hale, which was previously agreed at Cabinet in July 2016.

RESOLVED

1. That the Leader agreed that the land within the revised Plot 9A+B site at Tottenham Hale (shown edged red on the site plan attached as Appendix B) be declared surplus to requirements and to incorporate the land shown coloured as revised Plot 9A+B as part of the 10 sites to be disposed of to TH Ferry Island Limited Partnership under the terms of the Development Agreement dated 21 March 2017, as agreed by Cabinet on 12 July 2016.

Reasons for decision

Cabinet has already approved on 15 March 2016 to dispose of Plot 9A and Plot 9B at Tottenham Hale and a Development Agreement was entered into on 21 March 2017.   Both pieces of land lie within the Tottenham Hale District Centre which is the first phase of the Tottenham Housing Zone and will be key to achieving long term sustainable regeneration in the area. 

Plot 9A+B at Tottenham Hale is within the Strategic Development Partnership Area, which aims to provide new mixed-use development at the heart of the District Centre. 

As Argent Related have progressed designs for this site it has become clear that a variation to this plot of land is required, with 173m² removed towards the South of the sites, within the previous red line boundary of Plot 9A.  It is proposed that an equal amount of land (173m²) is added to the previous red line boundary of Plot 9B, creating the new, combined Plot 9A+B, with the revised area of land coloured red on the site plan attached at Appendix B.  The land consisting of Plot 9A+B is currently held for highway purposes and is part of the Tottenham Hale Bus Station.

Alternative options considered

The Council could decide not to alter Plot 9A and Plot 9B and retain the site boundaries previously reported to Cabinet in July 2016.  However, this would result in the delivery of a sub-optimal scheme by Argent Related.

The preferred option outlined in this Report is to amend the site boundary to the original Plots 9A and 9B, creating a new site boundary of Plot 9A+B to facilitate the optimal scheme progressing.

N/A