To consider a report of the Executive Member for Housing and Regeneration.

1. That the establishment be approved of a Joint Venture between Trafford Housing Trust and Trafford Council on the terms set out in this report.

2. That the Leader, Chief Executive and Corporate Director for Place be nominated as Directors of the Joint Venture.

3. That authority be delegated to the Corporate Director for Place, in consultation with the Corporate Director for Governance and Community Strategy to agree minor changes to the terms and finalise the Joint Venture Agreement.

4. That authority be delegated to the Corporate Director for Governance and Community Strategy to enter into and complete all legal documents necessary to establish the joint venture.

5. That it be noted that the Joint Venture will proceed with theselection and appointment of a multidisciplinary design team to the JV for the delivery of Tamworth Phase II.

6. That it be noted that a further report will be presented to the Investment Management Board with the final business case to seek approval for Council investment in the scheme.

[NOTE: The Leader of the Council declared a Personal Interest in this item in respect of his membership of the Board of the Trafford Housing Trust.]

The Executive Member for Housing and Regeneration submitted a report which sought approval for the Council to enter into a Trafford Housing Trust and Trafford Council Joint Venture (JV), for the purpose of undertaking the development of new residential and commercial development schemes. The report provided an update on the progress achieved to date in connection with the initial residential development site at Tamworth Phase II in Old Trafford and sought approval to continue progression of the scheme. An opportunity was provided for members to raise questions on the report’s content; these centred on envisaged sustainable aspects of the proposed development and the proportion of affordable housing to be included.

            RESOLVED -

(1)       That the establishment be approved of a Joint Venture between Trafford Housing Trust and Trafford Council on the terms set out in the report.

(2)       That the Leader, Chief Executive and Corporate Director for Place be nominated as Directors of the Joint Venture.

(3.)      That authority be delegated to the Corporate Director for Place, in consultation with the Corporate Director for Governance and Community Strategy to agree minor changes to the terms and finalise the Joint Venture Agreement.

(4)       That authority be delegated to the Corporate Director for Governance and Community Strategy to enter into and complete all legal documents necessary to establish the joint venture.

(5)       That it be noted that the Joint Venture will proceed with the selection and appointment of a multidisciplinary design team to the JV for the delivery of Tamworth Phase II.

(6)       That it be noted that a further report will be presented to the Investment Management Board with the final business case to seek approval for Council investment in the scheme.