Decision details
Market Street Settled Site Development Plan
PDF 70 KBDecision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To approve the settled site development plan for Market Street.
Decision:
i. Approves the adoption of the Settled Site Development Plan for Market Street
proposed by the Bracknell Forest Cambium Partnership, noting the amended proposal requires further Planning consent that has still to be considered due to the proposed change in tenure and increased number of affordable homes.
ii. Approves spend of up to £0.500m to a nominated Registered Provider from the Council’s s106 affordable housing commuted fund, to support the development of an additional 52 affordable rented homes, increasing the proportion of affordable homes in the Market Street development to 56%.
RECOMMENED that Council approves an equal share of funding needed to undertake this development up to a peak requirement of £12.5m and land drawdown when conditions have been met.
Reasons for the decision:
Detailed within the report.
Alternative options considered:
Detailed within the report.
Interests and Nature of Interests Declared:
Councillor Brunel-Walker and Councillor Heydon declared an affected interest as members of the Joint Venture Board
Reason Key: Expenditure > £400,000;
Wards Affected: (All Wards);
Financial Impact: Expenditure over £400,000
Declarations: Councillor Brunel-Walker and Councillor Heydon declared an affected interest as members of the Joint Venture Board
Subject to Urgent Proceedings: No
Contact: Sarah Holman, Joint Venture Business Partner Email: sarah.holman@bracknell-forest.gov.uk Tel: 01344 354197, Stuart McKellar, Executive Director: Resources Email: stuart.mckellar@bracknell-forest.gov.uk Tel: 01344 352205.
Report author: Sarah Holman
Publication date: 15/11/2022
Date of decision: 15/11/2022
Decided at meeting: 15/11/2022 - Executive
Effective from: 23/11/2022