Issue - meetings

(Reasons: Part 2 Private - LGA 1972 - Sch 12A Paragraph 3 - Financial or business affairs of any particular person)

The report sets out a proposal to renew an existing lease of 7 residential apartments in Maidstone to serve as temporary accommodation, in line with the Council’s adopted Housing Strategy.

(Reasons: Part 2 – Private – LGA 1972 Sch 12A Paragraph 3 – Financial or business affairs of any particular person)

Consideration was given to a proposal to renew an existing lease of 7 residential apartments in Maidstone to serve as temporary accommodation in line with the Council’s adopted Housing Strategy.  There was a support element provided to residents via the housing provider which was considered to be excellent and integral to this provision.  Without this support, the Borough Council would struggle to find appropriate placements for these applicants and it was likely that any placement secured would be more expensive.

Due regard was given to the financial and value for money considerations, the assessed risk and legal implications. Members noted that the leasing transaction would attract a Stamp Duty Land Tax liability which could be met from the first-year rent underspend. 

On the grounds that the proposal supported those most in need of housing support, being homeless or at risk of becoming homeless and represented good value for money when combined with the support services provided, Cllr Taylor proposed, Cllr Betts seconded and Cabinet

RESOLVED:  That

(1)             the terms of the lease renewal for the accommodation in Maidstone, as detailed in the report and in Annex A, be approved; and

(2)             the one-off stamp duty land tax liability arising from the lease transaction, as detailed in 7.4 of the report, be funded from the first-year rent underspend.

(Decision Notice D250055CAB)

(Reasons: Part 2 – Private – LGA 1972 Sch 12A Paragraph 3 – Financial or business affairs of any particular person)

Consideration was given to a proposal to renew an existing lease of 7 residential apartments in Maidstone to serve as temporary accommodation in line with the Council’s adopted Housing Strategy.  There was a support element provided to residents via the housing provider which was considered to be excellent and integral to this provision.  Without this support, the Borough Council would struggle to find appropriate placements for these applicants and it was likely that any placement secured would be more expensive.

Due regard was given to the financial and value for money considerations, the assessed risk and legal implications. Members noted that the leasing transaction would attract a Stamp Duty Land Tax liability which could be met from the first-year rent underspend. 

On the grounds that the proposal supported those most in need of housing support, being homeless or at risk of becoming homeless and represented good value for money when combined with the support services provided, Cllr Taylor proposed, Cllr Betts seconded and Cabinet

RESOLVED:  That

(1)             the terms of the lease renewal for the accommodation in Maidstone, as detailed in the report and in Annex A, be approved; and

(2)             the one-off stamp duty land tax liability arising from the lease transaction, as detailed in 7.4 of the report, be funded from the first-year rent underspend.