Transfer of Land at Windy Nook and Rowlands Gill to Gateshead Regeneration Partnership
Report of the Acting Strategic Director, Communities and Environment, Strategic Director, Corporate Services and Governance and Strategic Director, Corporate Resources
Minutes:
Consideration has been given to the freehold transfer of two sites that make up Bundle 2 to the Gateshead Regeneration Project (GRP) for the delivery of 62 homes at Whitehills Drive in Windy Nook and the former Rowlands Gill Primary School site in Rowlands Gill.
RESOLVED - (i) That the transfer of the freehold interest in the sites at Rowlands Gill and Windy Nook for nil consideration to Gateshead Regeneration Partnership for the provision of new homes be approved.
(ii) That the provision of a capital injection, as set out in the report, for these sites to facilitate the delivery of new homes be approved; and that the Council enter into site specific funding agreements with GRP in a form approved by the Strategic Director, Corporate Services and Governance in accordance with the Constitution.
The above decisions have been made for the following reasons:
(A) To support the delivery of 62 homes, with a start on site in August 2019.
(B) To secure the delivery of 52 homes and Accelerated Construction funding from Homes England for the Kelvin Grove site.
(C) To enable income to accrue to the Council; and training, employment and socioeconomic
benefits for the residents and businesses of Gateshead.
(D) To utilise the Council’s land and property portfolio to support the Council’s policy priorities in accordance with the provisions of the Council’s Corporate Asset Strategy and Management Plan 2015 – 2020 and Housing Strategy 2019-30.