Decision details

Financial Update on North Birkenhead Development Agreement

Decision Maker: Cabinet Member - Housing & Planning

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

The exempt report of the Assistant Director: Environmental Services provides a financial update on the North Birkenhead Housing Development Agreement, a partnership between Wirral Council and the Council’s selected development partner for this area, Keepmoat.

Decision:

Resolved – That,

 

(1)  the Global Appraisal Update, which identifies the financial position of the two completed projects in North Birkenhead at St Joseph’s Place and St James Gate, be signed off;

 

(2)  the use of surplus funds generated from these first two schemes, owed to the Council by Keepmoat, to subsidise a further proposed scheme at Station and Tyrer Street which is currently showing a deficit due to ground conditions and contamination, be approved;

 

(3)  the inclusion of the Shannon Street site as a ‘further site’ according to the conditions within the current Birkenhead Development Agreement with Keepmoat, which will increase the number of units which can be built in Phase 3 and improve the viability of the scheme, be approved.

Publication date: 28/11/2016

Date of decision: 28/11/2016

Accompanying Documents: