Decision details

Cabinet:

2.1  NOTED:

a)    the progress made towards acceptance of the Housing Infrastructure Fund (HIF) award and the positive and collaborative work undertaken between Melton Borough Council, Leicestershire County Council and developers.

b)    the significant efforts that Melton Borough Council has undertaken to support infrastructure delivery within Melton.

c)    that the decision as to whether to accept the Housing Infrastructure Funding rests with Leicestershire County Council and the risk associated with the delivery and funding for Highways and Education is a statutory function of the County Council which the Borough Council is committed to support.

2.2  APPROVED the proposed development layout included in Appendix A which will further develop the Masterplan to guide the consideration of future planning applications in the South Sustainable Neighbourhood area and support the County Council’s intention to accept the Housing Infrastructure Fund award.

2.3  APPROVED in principle that the Borough Council enters into a risk sharing agreement on the basis of the principles set out in this report, specifically at section 5.10 which limits its financial liability as proposed i.e. up to £1m cap (capital) or £50k cap (revenue).

2.4 Subject to 2.3 and the County Council agreeing to proceed with the Borough Council’s proposed cap, APPROVED the delegation of authority to the Director for Corporate Services in consultation with the Leader of the Council to negotiate the practicalities, parameters and terms of the risk sharing agreement before seeking approval from Council.