Option 1 - To purchase the land and enter into
a development agreement for the six properties comprising Phase 1B
of the Thornfield Mews Development. This will ensure that the
developer has the capital to complete phase 2 of the development
and increase housing development numbers in the Borough.
The need to ensure that RTB141 receipts are spent before March 2020
and there is not any requirement to return monies to Government.
The risk in delaying to find alternative scheme could put the money
at risk.