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Decision details

Aequus: Scheme Approval (117 Newbridge Hill)

Decision Maker: Council Leader

Decision status: Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

The report seeks a decision on the business case submitted by Aequus to convert 117 Newbridge Hill, Bath into residential flats. It will also seek a decision on the funding agreement for the scheme.

Decision:

The Leader of the Council, as Shareholder of ACL, agreed to:

  1. Approve the redevelopment of 117 Newbridge Hill, Bath into apartments by ACL in line with the Business Case detailed in the report;
  2. Approve the creation of a charge over the site and associated work in progress in favour of the Council;
  3. Agree that ACL may enter into an associated commercial loan agreement with the Council, as detailed in the report.

Reasons for the decision:

To provide six quality apartments in Bath targeted at professional workers and first-time buyers.  Sustainability, energy efficiency and space standards will be improved.

The decision will not be subject to call in by virtue of part 4 D (1) of the Council’s Constitution, which specifically excludes from call in decisions of the Leader acting in their capacity as Shareholder of a Local Authority Company owned or operated by the Council.

Alternative options considered:

Not to proceed with development.

Publication date: 18/01/2021

Date of decision: 18/01/2021

Accompanying Documents: