Issue details

The Council approved entering into the Principal Development Agreement for the Stonegrove Regeneration Scheme at its Cabinet Resources Committee on 25th March 2008.  All conditions precedent of that legal agreement have been satisfied and the agreement, known as the Principal Development Agreement (PDA), which was signed on 24th September 2008 and is now in force between the Council and Barratt Evolution LLP, a joint venture between Barratt and Family Mosaic.

Under the terms of the PDA the development partner, Barratts, must serve a notice requiring the Council to transfer the land needed for the new homes. These Notices are served on a phase by phase basis, upon reaching certain contractual milestones, to enable them to complete their transfer of affordable homes to Family Mosaic and the sale of private sale dwellings in line the agreed program.

To date approximately half of the land has already been transferred by the Council and the formal Acquisition Notice calling for the draw-down of the next phase, known as phases 4a and 4b, was served on the Council on 5th March 2015.  Barratts have requested that the Council transfer part of the land directly to the Social Housing provider, Family Mosaic Homes.

Prior to the transfer the Council is required to appropriate the land to Planning to extinguish any private rights.  This was approved by Cabinet on 18th June 2007 (Cab. Dec 18/07/2007 – 6).  We are not aware of any existing private rights on this land.

This DPR is to appropriate the land in phase 4 a and 4b to Planning and then for consent to complete the transfer the land for the social housing to Family Mosaic Homes and the balance of the land to Barratt Evolution LLP, as required under the Principal Development Agreement.