Common use of Firm Schemes – Submission Procedures Clause in Contracts

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 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 0that: 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 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 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 Condition 5.3 confirm its acceptance of the Developable Scheme to the Lead Partner 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 terms and conditions of this Agreement. 6.4 The Agency has no obligation to make any payment of grant in respect of a Firm Scheme unless and until it has confirmed its acceptance of it in the manner described in Condition 6.3.

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 0that:10 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. . 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 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 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 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 0that:10 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 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 Consortiumrequested), it will subject to Condition Condition 5.3 confirm its acceptance of the Developable Scheme to the Lead Partner 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 terms and conditions of this Agreement. 6.4 The Agency has no obligation to make any payment of grant in respect of a Firm Scheme unless and until it has confirmed its acceptance of it in the manner described in Condition 6.3.