Decision details

The Service Director – Economic Growth presented a report seeking approval to accept the headline offer from Kier Living Limited to purchase land owned by the Council located east of Linacre Road for a new housing scheme.

The report also outlined the proposal for the Council to purchase 26 new affordable homes as part of the proposed development; the homes would be offered to applicants on the Council’s housing register.

*RESOLVED –

1.    That the ‘headline’ offer from Kier Living Limited, KLL, to purchase land owned by the Council located east of Linacre Road, as set out in Appendices A and B of the officer’s report, be accepted.

2.    That delegated authority be granted to the Executive Director, in consultation with the Cabinet Members for Economic Growth and Housing, to approve the final terms and detailed contract of sale and conclude the transaction.

3.    That the future purchase of 26 affordable housing units from KLL through the Housing Revenue Account capital programme be approved, and that delegated authority be granted to the Executive Director, in consultation with the Cabinet Members for Housing and Economic Growth, to agree the final details of the acquisition and conclude the transaction.

REASONS FOR DECISIONS

1.     The financial offer made represents good commercial value and ‘a substantial offer’ for the site, based on advice provided by BNP Paribas, the council’s surveyor and market advisor.

2.    The outline housing scheme of 285 units achieves the outcomes of the original site development brief/masterplan, and also supports the council to meet a number of housing delivery and planning objectives as set out within the council’s Housing Strategy and the adopted Local Plan, the Chesterfield Borough Local Plan 2018-2035.