Decision details

Long Lease Opportunities to provide newly built homes for use as temporary accommodation or discharge of homelessness duty

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This report recommends the council enters into a long (45 year) lease for new homes, funded by a lease rental payment, for use either as temporary accommodation or for discharge of homelessness duty.  It will secure additional housing to assist in meeting the council’s statutory homelessness obligations and provide a rental income stream.  Cabinet is requested to delegate authority to the Corporate Director Community following consultation with the Director of Finance and S151 Officer, the Portfolio Holder for Finance and Resources and the Portfolio Holder for Housing to finalise and enter into the Legal Agreements.

Decisions:

Having agreed to note the confidential appendices to the report, Cabinet

 

RESOLVED:  That

 

(1)            entering into a 45-year lease for the proposal for new homes set out in the officer report and exempt Appendices, be approved in principle;

 

(2)            the Corporate Director of Community, following consultation with the Portfolio Holder for Housing, the Portfolio Holder for Strategy, Regeneration, Partnerships and Devolution and the Portfolio Holder for Finance and Resources, be authorised to finalise negotiations with the developer and enter into the Legal Agreements subject to the final terms being evidenced to represent the optimum deal for the council and value for money;

 

(3)            the Corporate Director of Community, following consultation with the Portfolio Holder for Finance and Resources and the Portfolio Holder for Housing, be authorised to determine the long-term council ownership model for the Lease;

 

(4)            the Corporate Director of Community, following consultation with the Portfolio Holder for Housing, be authorised to retain consultants to advise on the final negotiations and others as necessary to provide technical support to the council in delivery of the project, the costs to be contained within existing budgets.

 

Reason for Decision:  To secure additional housing to assist in meeting the council’s statutory homelessness obligations and to provide a rental income stream.

 

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: Alison Pegg

Publication date: 24/09/2021

Date of decision: 23/09/2021

Decided at meeting: 23/09/2021 - Cabinet

Effective from: 02/10/2021

Accompanying Documents: