Firm Schemes – Submission Procedures. 6.1 Where a Consortium Member identifies a Developable Scheme, the Lead Partner must submit to the Agency through IMS such details of the Developable Scheme as the Agency may require. Such details must be submitted no later than ten (10) Business Days after the Start on Site Date. In permitting the Lead Partner to submit the details of the Developable Scheme, the Relevant Consortium Member is deemed to represent and warrant to the Agency that:1 0
6.1.1 the Developable Scheme:
(a) is consistent with the Programme Offer;
(b) is in its opinion (acting reasonably) deliverable in accordance with the Firm Scheme Delivery Timetable and the Submitted Standards;
(c) has received the support of the Local Housing Authority which it acknowledges will be verified by the Agency with the Local Housing Authority; and
6.1.2 it:
(a) possesses or will possess a Secure Legal Interest in the Site; and
(b) has obtained all Consents necessary for the lawful development of the Developable Scheme to the Submitted Standards as are then required. 10 This assumes that the Lead Partner is submitting information on IMS for all Consortium Members in respect of Firm Schemes. Where it has been agreed with the Agency that other Consortium Members are entitled to submit on IMS in respect of Firm Schemes, the drafting will need to be modified to reflect that arrangement.
6.2 If the Agency (acting reasonably) is satisfied with the details submitted under Condition
6.1 and considers that the Developable Scheme is consistent with the Programme Offer and offers it value for money (having regard to the amount of grant requested(including the scheme cost information and information in relation to the level of the Relevant Consortium Member's contribution or that of the Consortium), it will subject to Condition
5.3 confirm its acceptance of the Developable Scheme to the Lead Partner through IMS.
Firm Schemes – Submission Procedures. 6.1 Where the Grant Recipient identifies a New Scheme, it must submit to the Agency through IMS such details of the New Scheme as the Agency may require. In submitting the details of the New Scheme, the Grant Recipient is deemed to represent and warrant to the Agency that:
6.1.1 the New Scheme:
(a) is consistent with the Approved Bid; and
(b) is in its opinion (acting reasonably) deliverable in accordance with the Firm Scheme Delivery Timetable and the Submitted Standards.
Firm Schemes – Submission Procedures. 7.1 The Grant Recipient must upload such details of each Identified Site Scheme for the delivery of Affordable Housing comprised in the Programme Offer onto the GLA's IMS within 5 Business Days of the date of this Agreement.
7.2 Subject to Condition 7.1, where the Grant Recipient identifies a Developable Scheme, it must submit to the GLA through IMS such details of the Developable Scheme as the GLA may require.
7.3 In submitting the details of a Developable Scheme (whether under Condition 7.1 or 7.2), the Grant Recipient is deemed to represent and warrant to the GLA that:
7.3.1 the Developable Scheme:
(a) is consistent with the Programme Offer and the relevant Annual Allocation;
(b) is in its opinion (acting reasonably) deliverable in accordance with the Firm Scheme Delivery Timetable and the Submitted Standards;
(c) has received the support of the Local Housing Authority which it acknowledges will be verified by the GLA with the Local Housing Authority; and
Firm Schemes – Submission Procedures. 6.1 Where the Developer identifies a Developable Scheme, it must submit to the Agency through IMS such details of the Developable Scheme as the Agency may require. Such details must, save where the Agency expressly agrees in writing a longer period, be submitted no later than ten (10) Business Days prior to the Start on Site Date or the date
Firm Schemes – Submission Procedures. 7.1 The Grant Recipient must upload such details of each Identified Site Scheme for the delivery of Affordable Housing comprised in the Programme Offer onto the GLA's IMS within 5 Business Days of the date of this Agreement.
7.2 Subject to Condition 7.1, where the Grant Recipient identifies a Developable Scheme, it must submit to the GLA through IMS such details of the Developable Scheme as the GLA may require.
7.3 In submitting the details of a Developable Scheme (whether under Condition 7.1 or 7.2), the Grant Recipient is deemed to represent and warrant to the GLA that:
7.3.1 the Developable Scheme:
(a) is consistent with the Programme Offer and the relevant Annual Allocation;
(b) is in its opinion (acting reasonably) deliverable in accordance with the Firm Scheme Delivery Timetable and the Submitted Standards; and
7.3.2 the Grant Recipient:
(a) possesses or will possess a Secure Legal Interest in the Site;
(b) has obtained all Consents necessary for the lawful development of the Developable Scheme to the Submitted Standards as are then required;
(c) is not subject to any direction of the Secretary of State under Section 15 of the Local Government Act 1999 nor do any circumstances exist which would entitle the Secretary of State to issue such a direction which in either case would have a Material Adverse Effect; and
(d) has not nor have any of its officers made a report (nor is the Grant Recipient aware of any circumstances that would give rise to the making of a report) under Section 114(3) or Section 114A of the Local Government Finance Act 1988 which in either case would have a Material Adverse Effect.
7.4 If the GLA (acting reasonably) is satisfied with the details submitted under Condition 7.1 or
Firm Schemes – Submission Procedures. 6.1 Where the Grant Recipient identifies a Developable Scheme, it must submit to the Agency through IMS such details of the Developable Scheme as the Agency may require. Such details must be submitted no later than ten (10) Business Days after the Start on Site Date. In submitting the details of the Developable Scheme, the Grant Recipient is deemed to represent and warrant to the Agency that:
6.1.1 the Developable Scheme:
(a) is consistent with the Programme Offer;
(b) is in its opinion (acting reasonably) deliverable in accordance with the Firm Scheme Delivery Timetable and the Submitted Standards;
(c) has received the support of the Local Housing Authority which it acknowledges will be verified by the Agency with the Local Housing Authority; and
Firm Schemes – Submission Procedures. 4.1 Where the Provider identifies a Developable Scheme, it must submit to the Agency through IMS such details of the Developable Scheme as the Agency may require. Such details must be submitted no later than ten (10) Business Days after the Start on Site Date. In submitting the details of the Developable Scheme, the Provider is deemed to represent and warrant to the Agency that:
4.1.1 no part of the Development Costs is being or will be met by or paid out of Social Housing Assistance or revenue generated from Rental Conversions;
4.1.2 where the Developable Scheme is a Section 106 Scheme, no part of the Development Costs will be met by or paid out of Fund Proceeds nor Social Housing Assistance;
4.1.3 the amount of rent (inclusive of service charges) in relation to each Affordable Dwelling will not exceed eighty per centum (80%) of the market rent for the accommodation (inclusive of service charges) based on a valuation in accordance with the Rent Standard; and
4.1.4 it possesses or will possess a Secure Legal Interest in the Site.
4.2 If the Agency (acting reasonably) is satisfied with the details submitted under Condition 4.1 it will confirm its acceptance of the Developable Scheme to the Provider through IMS.
4.3 With effect from the Acceptance Date, the Developable Scheme shall constitute a Firm Scheme and shall be subject to the whole terms and conditions of this Agreement.
4.4 The process in Conditions 4.1 to 4.3 (inclusive) may be repeated.
Firm Schemes – Submission Procedures. 4.1 Where the Provider identifies a Developable Scheme, it must submit to the Agency through IMS such details of the Developable Scheme as the Agency may require. Such details must be submitted no later than ten (10) Business Days after the Start on Site Date. In submitting the details of the Developable Scheme, the Provider is deemed to represent and warrant to the Agency that:
4.1.1 No part of the Development Costs is being or will be met by or paid out of Social Housing Grant or revenue generated from Rental Conversions;
4.1.2 Where the Developable Scheme is a Section 106 Scheme, no part of the Development Costs will be met by or paid out of Fund Proceeds nor Social Housing Grant; and
4.1.3 the amount of rent (inclusive of service charges in relation to each Affordable Dwelling will not exceed eighty per centum (80%) of the local market rent for a comparable property in a comparable location such rent to be assessed and set in accordance with the requirements of the Tenancy Standard.
4.2 If the Agency (acting reasonably) is satisfied with the details submitted under Condition 4.1 it will confirm its acceptance of the Developable Scheme to the Provider through IMS.
4.3 With effect from the Acceptance Date, the Developable Scheme shall constitute a Firm Scheme and shall be subject to the whole terms and conditions of this Agreement.
4.4 The process in Conditions 4.1 to 4.3 (inclusive) may be repeated.
Firm Schemes – Submission Procedures. 6.1 Where the Grant Recipient identifies a New Scheme, it must submit to the Agency through IMS such details of the New Scheme as the Agency may require. In submitting the details of the New Scheme, the Grant Recipient is deemed to represent and warrant to the Agency that:
6.1.1 the New Scheme:
(a) is consistent with the Approved Bid;
(b) is in its opinion (acting reasonably) deliverable in accordance with the Firm Scheme Delivery Timetable and the Submitted Standards; and
(c) has received the support of the Local Housing Authority which it acknowledges will be verified by the Agency with the Local Housing Authority.
Firm Schemes – Submission Procedures. 6.1 Where the Developer identifies a Developable Scheme, it must submit to the Agency through IMS such details of the Developable Scheme as the Agency may require. Such details must, save where the Agency expressly agrees in writing a longer period, be submitted no later than ten (10) Business Days after the Start on Site Date or the date of this Agreement (whichever is the later). In submitting the details of the Developable Scheme, the Developer is deemed to represent and warrant to the Agency that:
6.1.1 the Developable Scheme:
(a) is or is not a Section 106 Scheme;
(b) is consistent with the Programme Offer;
(c) is in its opinion (acting reasonably) deliverable in accordance with the Firm Scheme Delivery Timetable and the Submitted Standards;
(d) has received the support of the Local Housing Authority which it acknowledges will be verified by the Agency with the Local Housing Authority;
6.1.2 the Developer or the Landlord (as applicable):
(a) possesses a Secure Legal Interest in the Site; and
(b) has obtained all Consents necessary for the lawful development of the Developable Scheme to the Submitted Standards as are then required; and
6.1.3 the Developer is under contract with the Landlord for the acquisition of the Affordable Dwellings comprised in the Developable Scheme and:-
(a) the Landlord has confirmed in writing to the Developer:- i the initial rents payable in respect of those Affordable Dwellings which are to be made available at an Affordable Rent and the projected income from the initial sales of those Affordable Dwellings to be disposed of on Affordable Home Ownership terms; ii the extent of: A the Landlord's Firm Scheme Conversion Capacity; and /or B any DPF or RCGF proceeds to be applied in respect of the Firm Scheme; iii the acquisition price for the Affordable Dwellings comprised in the Developable Scheme; (collectively the Landlord's Information); and
(b) the Landlord's Information is accurately represented on IMS.
6.2 If the Agency (acting reasonably) is satisfied with the details submitted under Condition 6.1 and considers that the Developable Scheme is consistent with the Programme Offer (including the scheme cost information, the FSG requirement (if any) and the Landlord's Information), it will, subject to Condition 5.3, confirm its acceptance of the Developable Scheme to the Developer through IMS.
6.3 With effect from the Acceptance Date, the Developable Scheme shall constitute a Firm Scheme and shall be subject to the whole term...
