Decision details

The Cabinet considered the recommendations in relation to agenda item 26.

Resolved:

1.     That the Cabinet grant delegated authority to the Executive Director of Place/Deputy Chief Executive, in consultation with the Cabinet Member for Building a Better Place Oldham, the Director of Finance and the Director of Legal to agree final terms and to enter into a Grant Funding agreement with Muse in respect of the Community Regeneration Partnership grant funding of £5M (Five Million Pounds) as outlined in the submitted confidential report.

2.     That the Cabinet grant delegated authority to the Executive Director of Place/Deputy Chief Executive, in consultation with the Cabinet Member for Building a Better Place Oldham, the Director of Finance and the Director of Legal to agree final terms and to enter into a Grant Funding agreement with Muse in respect of the proposed Council match funding contribution of £2,346,915.

3.     That the Cabinet grant delegated authority to Executive Director of Place/Deputy Chief Executive, in consultation with the Cabinet Member for Building a Better Place Oldham, the Director of Finance and the Director of Legal to agree final terms and to enter into a Grant Funding agreement with Legal and General Affordable Homes in respect of the Council affordable housing contribution of up to £1.875M, which will ensure that the new homes are let at a social rent level.

4.     That the Cabinet grant delegated authority to the Executive Director of Place/Deputy Chief Executive, in consultation with the Cabinet Member for Building a Better Place Oldham, the Director of Finance and the Director of Legal to enter into any associated documentation or agreements that may be required in connection with the above matters and to enable a phased drawdown of the site, which will result in a start on site at the earliest opportunity.

5.     That the Cabinet grant delegated authority to the Director of Legal, or his nominees to formalise any necessary legal requirements including signing and/or sealing any documentation required to give effect to the recommendations and/or delegations in this report.

6.     To note that following consideration by the Place, Economic Growth and Environment Scrutiny Board on 19^th March 2026, this matter is exempt from call-in, under Rule 14 of the Overview and Scrutiny Procedure Rules, as detailed in the Council’s Constitution.