Decision details

Purpose of report: Development opportunity will deliver sustainable, efficient  mixed housing built to Lifetime Standard.

Members are asked to: Accept revised capital receipt and agreed council should continue work with consortium.

RESOLVED: (i)         That the contents of the report be noted, and the progress made by the Project Steering Group, Council and Development Consortium, in consultation with the Residents’ Development Association, to enable the re-development of the Discus Bungalows sites at St Anne’s Court / Horsman Avenue, Regent Street and Richmond / Faber Street.

                        (ii)        That Option 1 be approved; namely, to accept the revised capital receipt offered by the Development Consortium and, subject to agreed contractual terms, to continue to work with the Consortium to deliver this exemplar housing regeneration project in York.

REASON:      The revised receipt still represents a highly competitive commercial deal for a phased sale of the Discus Bungalow sites, particularly in the current economic climate, and the development will address the present and future needs of older residents and affordable housing needs in the City.