Decision Maker: Cabinet Member for Children and Young People
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The purpose of this report is to highlight the
short unexpired term remaining on the leases of 11 residential
flats owned by the Council, and to suggest a statutory basis for
extending the leases.
Retaining these properties in Council ownership could save the payment of dilapidation costs to freeholders and would assist in long term planning.
1. To extend the lease by 90 years for those leasehold flats owned by the Council where the lease currently has less than 80 years to run, at an estimated cost of £1.467m plus an additional £74,000 for associated legal costs.
Publication date: 10/01/2020
Date of decision: 20/01/2020
Effective from: 01/02/2020