Issue - meetings

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.

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.