Proposed Lease of Residential Apartments in Tonbridge for Use as Temporary Accommodation
(Reason: LGA 1972 - Sch 12A Paragraph 3 - Financial or business affairs of any particular person)
In accordance with the Borough Council’s adopted Housing Strategy, proposals to lease properties to serve as temporary accommodation are presented for consideration.
Additional documents:
Decision:
(Reasons: Part 2 Private: LGA 1972, Sch 12A Paragraph 3 – Financial or business affairs or any particular person)
Careful consideration was given to a proposal to lease a total of 20 residential apartments in Tonbridge to serve as temporary accommodation.
As a result of the property requiring conversion work, it was recommended that the Borough Council entered into an agreement for lease, so that when the flats were ready the Borough Council could occupy them under a lease. A long leasehold option was not considered a viable option as the authority did not have sufficient funds or access to the level of capital required.
Due regard was given to the financial and value for money considerations, the assessment of risk and the legal implication. In recognition of the Borough Council’s adopted Housing Strategy and to support improving housing options for local people, Cllr Boughton proposed, Cllr Keers seconded and Cabinet
RESOLVED: That
(1) the terms of the lease, including entering into an agreement for lease of the properties (as detailed in the report), be approved;
(2) the one-off set up costs and tax liability be noted.
Minutes:
(Decision Notice D260008CAB)
(Reasons: Part 2 Private: LGA 1972, Sch 12A Paragraph 3 – Financial or business affairs or any particular person)
Careful consideration was given to a proposal to lease a total of 20 residential apartments in Tonbridge to serve as temporary accommodation.
As a result of the property requiring conversion work, it was recommended that the Borough Council entered into an agreement for lease, so that when the flats were ready the Borough Council could occupy them under a lease. A long leasehold option was not considered a viable option as the authority did not have sufficient funds or access to the level of capital required.
Due regard was given to the financial and value for money considerations, the assessment of risk and the legal implication. In recognition of the Borough Council’s adopted Housing Strategy and to support improving housing options for local people, Cllr Boughton proposed, Cllr Keers seconded and Cabinet
RESOLVED: That
(1) the terms of the lease, including entering into an agreement for lease of the properties (as detailed in the report), be approved;
(2) the one-off set up costs and tax liability be noted.