Decision details

To seek approval to grant an option over SBC’s land at Slough Basin, Stoke Road to Slough Urban Renewal (SUR) to promote a residential mixed use development.

(a)  That it be agreed to the grant of an option to SUR and to agree that Council officers should proceed on the basis that the sites at Slough Basin will be disposed to and developed by SUR , subject to Cabinet approval of the final sum that will represent no less than the best value consideration;

(b)  That delegated authority be given to the Strategic Director of Housing, Regeneration and Resources, following consultation with the Cabinet member for Housing & Urban Renewal and the Leader of the Council, to negotiate an SBC option over any potential Private Rented Sector (“PRS”) units promoted within the scheme, and

(c)  That delegated authority be given to the Strategic Director of Housing, Regeneration and Resources, following consultation with the Cabinet member for Housing & Urban Renewal and the Leader of the Council, to agree and approve the terms of the Joint Venture vehicle between SUR (SBC and Morgan Sindall Investment Limited) and Waterside Places (Canal and River Trading CIC and Muse Developments Limited) which will be used for the promotion and delivery of the Slough Basin scheme.