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Agenda and draft minutes

Venue: This will be a virtual meeting and therefore will not take place in a physical location, in accordance with s78 of the Coronavirus Act 2020. The meeting will take place on the rise of the Cabinet.

Link: View the meeting live here

Items
No. Item

1.

Apologies for absence

Minutes:

There were no apologies for absence.

2.

Declarations of pecuniary interest

Minutes:

There were no declarations of interest.

3.

Minutes of the previous meeting pdf icon PDF 39 KB

Minutes:

RESOLVED that the minutes of the meeting held on 13 July 2020 were agreed as a correct record.

4.

Merantun Development Ltd: Company progress report pdf icon PDF 88 KB

Minutes:

The Director of Environment and Regeneration presented the report which updated on progress since the last meeting.  The approval of the planning permissions for the four sites the company was seeking to develop was a significant milestone and provided an opportunity to review the business plan.  The conclusion of the independent review of the business plan would be completed by the end of October and would be brought back to the Sub-Committee at the earliest opportunity.  A number of factors were significant in the review, including the Council’s own financial position as a result of the covid-19 pandemic, the impact the pandemic had on the housing and rental markets and Brexit. 

 

The Cabinet Member for Regeneration, Housing and Transport thanked the officers involved in their work in obtaining planning permission for the four sites, which would have a positive impact and provide much needed housing.

 

The Cabinet Member for Finance echoed those comments and welcomed the review of the business plan in light of the external factors.

 

The Chair welcomed the granting of planning permission and the progress made to date.

 

RESOLVED

1.        That the progress of Merantun Development Limited (MDL) for the delivery of their new build housing programme be noted.

2.        The forthcoming key decision point on the delivery of MDL’s business plan be noted.

3.        The year to date expenditure incurred by the Company be noted.