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HMRI Phasing Plan - Anfield
JULY 2005 LCC - Rockfield & Anfield Hit Team
LFC TROJAN HOMES
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The Triangle Website members volunteer their time and knowledge of key issues that have blighted this area of Anfield for many years! 
Rockfield Project Disposal of City Council Properties pt2 The scheme relies on the transfer of properties to AHDC for a nominal sum, and thereafter an opportunity for both the developer and original owner of the property to share in overage, should the scheme make a profit. This is due to the level of anticipated costs of refurbishment being so high as to make a comprehensive refurbishment scheme unviable at market value acquisition prices. For their part, AHDC will undertake a comprehensive refurbishment of the properties that will be transferred to them. A minimum of 55 properties will be transferred to AHDC under the initiative; with further properties transferred from Arena to AHDC should they become vacant during the period of the scheme. It is anticipated that AHDC will invest in excess of £5million into the scheme from private sector funds and borrowings from financial institutions.
Privately owned properties will be subject to action under Environment Health powers to require owners to carry out repairs to their properties. A rolling programme of frontage environmental improvements will be carried out on a phased basis throughout the Rockfield area to ensure that the frontages of private properties are improved in tandem with the phased renovation of properties by AHDC over a 3 year period, using Housing Capital Programme monies. In order for the scheme to proceed, there was a need for issues to be resolved with both the Housing Corporation (in respect of the Arena properties) and English Partnerships (in respect of the properties owned by the Council) due to previous funding constraints relating to the acquisition of the properties. Arena has been pursuing approval from the Housing Corporation for the proposed disposal of its properties at nominal sum to AHDC. The Housing Corporation has now confirmed to Arena that it is content for the proposal to proceed, and Arena has now entered into a contract for the disposal of its properties to AHDC at nominal value to secure the refurbishment. The properties that are in Council ownership were acquired using English Partnerships funding, and this was given on the understanding that the properties were to be demolished, as was the proposed intention at the time, and this was a condition of the funding. The Council have therefore sought approval from English Partnerships that the cautions which were placed on these properties can be transferred to other properties that are to be demolished in Anfield Breckfield. This approval has now been given and the conditions attached to the funding can be discharged.
The refurbishment specification for the properties has been agreed with Environmental Health Officers and can be summarised as follows:
Value for Money Implications The Council has undertaken a thorough options appraisal through the NRA process in order to determine that the refurbishment of the properties is the most satisfactory course of action in order to secure their improvement. The Council does not have sufficient resources available to be able to carry out the level of refurbishment that is required in order to secure a sustainable future for the properties in the area. It has therefore, jointly with Arena, tested the market through a full procurement exercise in order to select an appropriate partner to deliver the required scheme with the minimum amount of public sector resources. The low number of tender submissions indicates the lack of appetite for such schemes within the private sector, and the Council and Arena have selected the scheme which best meets the aims and objectives for the area as identified in the February 2005 Report, whilst minimising the requirement for public funding. AHDC will invest approximately £5 million in the improvement of the properties, and it can therefore be demonstrated that disposal of the 12 vacant properties in the Council’s ownership for a nominal fee will lever significant private sector investment into the area, and eliminate the requirement for Council or other public funding to support the scheme. |
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It's Time To End The Lies
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Copyright © 2012 The Triangle. All rights reserved. The Triangle website is non-funded and non-profit generating
Copyright © 2012 The Triangle. All rights reserved. The Triangle website is non-funded and non-profit generating
