Issue - decisions
Cabinet received a report on the Aylesbury Garden Town Housing Infrastructure Fund contract signing. The Council had provisionally been awarded £172,323,426 by Homes England to enable the building of nearly 10,000 new homes in Aylesbury through the delivery of specific key infrastructure projects including roads and schools, subject to entering into the contract. The majority of the funding was to provide infrastructure ahead of the Section 106 monies or income receipt.
1) Cabinet AGREED to delegate authority to approve the Housing Infrastructure Fund
(HIF) Aylesbury Garden Town (AGT) contract to the Corporate Director for Planning Growth and Sustainability (PG&S), and the Section 151 officer (jointly), in consultation with the Leader.
2) Cabinet NOTED the key risks to the Council in agreeing to the contract with Homes England.
3) Cabinet AGREED to the establishment of a new HIF Investment Board (a Member led Board to oversee the HIF Programme), including Aylesbury Garden Town HIF, Princes Risborough HIF, Abbey Barn Lane HIF and A355 Beaconsfield Relief Road HIF. Membership will consist of the Leader, the Cabinet Member for Resources, the Cabinet Member for Transport, the Cabinet Member for Town Centre Regeneration, and the Cabinet Member for Education and Skills. Its role will be to monitor progress, recommend changes in funding allocations between projects and consider the re-allocation of the HIF recycling pot.