Decision details

The RIF MoU sets out how funds reclaimed from Garden Town developers under the HIG Agreement will be held and how spend will be considered.  To consider endorsement of the MoU.

A.                 That the Memorandum of Understanding relating to The Harlow and Gilston Garden Town Rolling Infrastructure Fund (attached as Appendix 1 to the report) be agreed and its submission to Homes England by the end of November 2021 as required of the Harlow and Gilston Garden Town Authority partners and specifically Hertfordshire County Council be agreed (as accountable body for the Housing Investment Grant funding to which the Memorandum of Understanding relates).

B.                 That the set up and operation the Rolling Infrastructure Fund ‘in principle’ be agreed subject to more detailed work and approval of the appropriate governance and operational arrangements for its management.

C.                 That the Rolling Infrastructure Fund is governed initially in accordance with the approved Memorandum of Understanding as required by Homes England as a condition of the Housing Investment Grant funding and subsequently in accordance with any further governance arrangements that may be put in place following further agreement between the HGGT partners.

D.                That the Head of Planning and Building Control, in consultation with the Leader of the Council, be authorised to agree any further non-material amendments.