1.         That the successful Registered Provider delivery partner, identified in Exempt Appendix 3 and 4, be approved as the ‘preferred bidder’ for the future development of homes at Preston Down Road, Paignton (PDR) and that in principle approval is given to enter into a Development and Sale Agreement with this Registered Provider delivery partner.

2.         That, on the basis that a minimum of 50% affordable housing is delivered on the site, the Chief Executive be given delegated authority to agree and finalise any Heads of Terms and the details of the Housing Delivery Partner Development and Sale Agreement in consultation with the Cabinet Member for Economic Regeneration, Tourism and Housing and the Section 151 Officer.