519 Deptford Reach development PDF 72 KB
Additional documents:
Decision:
Having considered an officer report, and a presentation by the Cabinet
Member for Housing, Councillor Damien Egan, the Mayor agreed that:
(1) Having considered the relevant benefits and risks associated with the
funding of the Deptford Reach development project, the Council increases the
grant funding for the development, from £924,000 to £1,500,000 using S106
funding; and
(2) authority be delegated to the Executive Director for Resources and
Regeneration, in consultation with the Executive Director for Customer
Services and Head of Law, to finalise the terms of the grant agreement with
Deptford Reach for the S106 funding.
Minutes:
Councillor Joan Millbank requested that imprecise references to ‘grant
funding’ should be replaced by a more accurate term such as ‘allocation’ in
order to avoid confusion.
Having considered an officer report, and a presentation by the Cabinet
Member for Housing, Councillor Damien Egan, the Mayor, for the
reasons set out in the report:
RESOLVED that:
(1) Having considered the relevant benefits and risks associated with the
funding of the Deptford Reach development project, the Council increases the
grant funding for the development, from £924,000 to £1,500,000 using S106
funding; and
(2) authority be delegated to the Executive Director for Resources and
Regeneration, in consultation with the Executive Director for Customer
Services and Head of Law, to finalise the terms of the grant agreement with
Deptford Reach for the S106 funding.