The Cabinet
(a) agreed in principle to establish a working partnership with Inspired Solutions to deliver affordable homes within the district on various sites – noting an initial aspiration for circa 200 homes; and
(b) delegated authority to the Corporate Director of Finance and Resources (S151 Officer), in consultation with the Corporate Director of Place to negotiate and draft the following agreements:
(i) Heads of Terms, Agreement for Leases and eventual Leases with Inspired Solutions
(ii) Heads of Terms, Agreement for Underleases and eventual Underleases with a company associated with Inspired Solutions; and
(iii) Nomination Agreements for 100% nomination rights for all residential units for the period of the underleases.