Homes England Housing Infrastructure Fund - Pre-Draw Down Conditions and Project Risks
Additional documents:
Minutes:
The reason for the report was to inform Members of the Homes England (HE) Pre-Draw Down Grant Conditions’ that were attached to the grant award under the Housing Infrastructure Fund (HIF) and outline the risk attached to each condition and the overall project. The grant was awarded by HE to enable the construction of the Fairfield roundabout, which was essential for unlocking several allocated housing sites and contributing to the delivery of the Council’s five year housing supply.
Homes England Housing Infrastructure Fund - Pre-Draw Down Conditions and Project Risks
Additional documents:
Minutes:
Consideration was given to the Homes England (HE) ‘Pre-Draw Down Grant Conditions’ attached to the £2m grant award under the Housing Infrastructure Fund (HIF) and the risk attached to each condition and the overall project.
(Councillor Quinn abstained from voting.)
RESOLVED:
1. That the risks and mitigation associated with each pre-draw down condition be noted.
2. That the risks to the project in terms of meeting the HIF programme and timetable as outlined in Section 3.5 – 3.7 of the report and the impact of any overruns to this be noted.
3. That the risks to the project in terms of financial overrun as outlined in Section 3.9 – 3.10 of the report be noted.
4. That if there were no agreement by 30 June 2020 then a further report be presented to the Committee around Ist week of July, at a special meeting if necessary.