Issue - meetings

Having considered a confidential officer report and a presentation by the

Cabinet Member for Housing, Councillor Damien Egan, the Mayor agreed

that:

(1) the update on the Deptford Southern sites project, as detailed, and the

progress in negotiations led by officers with development partners and the

GLA with the aim of increasing the amount of affordable housing within the

proposals be noted;

(2) the Council provides grant funding on the basis set out;

(3) the tenure of 43 homes on the Tidemill site be changed from private sale

to London Affordable Rent (social rent) at a cost to the Council of £4,310,211

and 16 homes from private sale to shared ownership at no additional cost to

the Council;

(5) the revised budget for the development, as set out, be approved; and

(6) authority be delegated to the Executive Director for Resources &

Regeneration, in consultation with the Executive Director for Customer

Services and the Head of Law, to negotiate and agree the necessary legal

documentation in connection with the recommendations in this report.

The Mayor said he understand there was commercial information in the report

that should remain confidential but most of the content could be

disseminated, particularly as it represented good news for the affected

communities.

Having considered a confidential 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) the update on the Deptford Southern sites project, as detailed, and the

progress in negotiations led by officers with development partners and the

GLA with the aim of increasing the amount of affordable housing within the

proposals be noted;

(2) the Council provides grant funding on the basis set out;

(3) the tenure of 43 homes on the Tidemill site be changed from private sale

to London Affordable Rent (social rent) at a cost to the Council of £4,310,211

and 16 homes from private sale to shared ownership at no additional cost to

the Council;

(5) the revised budget for the development, as set out, be approved; and

(6) authority be delegated to the Executive Director for Resources &

Regeneration, in consultation with the Executive Director for Customer

Services and the Head of Law, to negotiate and agree the necessary legal

documentation in connection with the recommendations in this report.