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Committee:
Cabinet
Date:
1 July 2009
Classification:
Unrestricted
Report No: AgendaItem:Report of:
Corporate Director Development andRenewal
Originating officer(s)
Aman Dalvi
Title:
Blackwall Reach Regeneration Project
Wards Affected:
Blackwall and Cubitt Town
1.
SUMMARY
The purpose of this report is to update Cabinet on Blackwall Reach Regenerationproject progress and seeks decisions that will help take the project forward to thedevelopment stage.
2. RECOMMENDATIONS
Cabinet is recommended to:2.1
Note
the project milestones set out in section 4.4 progress against which isdependent on Cabinet agreeing the remaining recommendations set out below.2.2
Agree
that £13m capital resources be provided over a three year period to fundthe leaseholders/freeholders buybacks programme; purchase of the Woolmore StHealth Centre land interest; and Tenants’ Home Loss and disturbance paymentsto facilitate the Blackwall Reach project on the basis of commencing decantingand the main buyback programme in Autumn 2010.2.3
Agree
a revised baseline capacity of 1,600 homes of which a minimum of 35% of the accommodation by habitable room numbers will be affordable, with 45% of the social rented units to be provided as accommodation that is three bedroomedor greater and that officers work with the HCA (Housing and Communities Agency) to establish the additional level of housing which can be accommodatedon the site in a sustainable fashion, subject to detailed design assessment andalso review the business plan to re-assess planning obligations that can begenerated from the revised housing totals.2.4
Authorise
the Corporate Director of Development and Renewal, Assistant Chief Executive (Legal Services) and Director of Resources after consultation with theChief Executive and Lead Member Housing and Development to agree the
Agenda Item 6.1
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