1. That in order to set guidelines when calculating and negotiating a commuted sum in lieu of the onsite delivery of affordable housing, the Affordable Housing Commuted Sum Position Statement be approved.
2. That delegated authority be given to the Head of Housing, Health and Environment, in consultation with the Portfolio Holder for Housing and Planning to make any minor amendments to the Affordable Housing Commuted Sum Position be approved.
REASON FOR DECISION: To provide a transparent mechanism for calculating commuted sums.