Decision details

Grange Farm Resident Leaseholder provision and scope of tender negotiations

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Approval of a scheme to take out an equity share in properties being purchased by resident leaseholders on the existing Grange Farm estate where their equity would not allow them to purchase a suitable replacement home.

Approval to potentially include other development land in negotiations to be held with bidders from Developers who wish to build the new Grange Farm estate.

Approval to negotiate with the Ministry of Defence to acquire the site currently used by Air Cadets at Northolt Rd.

 

Decisions:

Having considered the confidential appendices, it was

 

RESOLVED:  That

 

(1)          the proposed scheme for giving equity loans to resident owners living on Grange Farm where they were unable to afford suitable alternative accommodation with the sale proceeds from their existing home be approved and the Divisional Director of Housing Services, following consultation with the Portfolio Holder for Housing, be delegated the power to use discretion in the exercise of the equity loan scheme to increase the Council’s loan where owners faced additional difficulty in securing comparable property;

 

(2)          the potential to include land currently occupied by the Northolt Road Community Centre and adjacent flat block 29 in the negotiations with bidding developers be approved, including the negotiation and conclusion of any necessary agreements with existing occupiers, the taking of all other necessary steps, in order to secure vacant possession of the site, be also approved;

 

(3)          the negotiation and conclusion of an agreement with the Ministry of Defence (MoD) for the acquisition of the land used by Air Cadets at Northolt Road, as outlined in the report, be approved;

 

(4)          authority be delegated to the Corporate Director of Community, following consultation with the Portfolio Holder for Finance and Major Contracts and the Portfolio Holder for Housing, to agree any final terms relating to the above resolutions and to enter into necessary contracts.

 

Reason for Decision:  In order to facilitate the acquisition of leasehold flats prior to the demolition of the Grange Farm Estate.  To support resident owners in acquiring new homes.  The potential to incorporate the activities taking place at the Northolt Road Community Centre into the new Grange Farm Community Centre allowed for consideration of the development potential of the site which could be used to make the development of Grange Farm more affordable.  The acquisition of the land owned by the MoD would enhance the entrance to the new estate from Northolt Road.

 

Alternative Options Considered and Rejected:  As set out in the report.

 

Conflict of Interest relating to the matter declared by Cabinet Member/Dispensation Granted:  None.

Report author: Lynne Pennington

Publication date: 11/12/2015

Date of decision: 10/12/2015

Decided at meeting: 10/12/2015 - Cabinet

Effective from: 19/12/2015

Accompanying Documents: