Agenda item
Termination of Middlesex House and Lancelot Road Housing Scheme
This report provides details of a proposed settlement agreement to revise the arrangements the Council entered into with Network Housing Association, now Stadium.
Decision:
(i) that approval be given to the negotiated settlement comprising full and final financial settlement between the Council and Stadium (including the financial payments from the Council to Stadium as set out in paragraph 3.40 and 3.41 of the report from the Directors of Finance and Corporate Resources and Housing and Community Care);
(ii) that the Director of Housing and Community Care be authorised to enter into an agreement with Stadium and THFC to effect such a settlement and release the Council from any further financial obligations under the scheme (a draft settlement agreement is attached at Appendix 6 and draft Deed of Release is attached at Appendix 7 of the Directors’ report) pursuant to the Council’s powers under Section 111 of the Local Government Act 1972, section 24 of the Local Government Act 1988, section 22 of the Housing Act 1996 and section 2 of the Local Government Act 2000 as set out in paragraphs 5.16 to 5.23 of the report;
(iii) that approval be given for the Director of Housing and Community Care to seek consent from the Secretary of State for Communities and Local Government under section 25 of the Local Government Act 1988 for the payment of any agreed sum to Stadium as part of the financial settlement;
(iv) that the correction to the balances total in para 3.41 of the Directors’ report referred to by the Borough Solicitor at the meeting, be noted.
Minutes:
The Director of Housing and Community Care introduced this report which provided details of a proposed settlement agreement in order to allow the revised arrangements the Council entered into with Network Housing Association, now Stadium, in 2000 to be terminated. The report requested the Executive’s approval for the Director of Housing and Community Care in consultation with the Director of Finance and Corporate Resources and the Borough Solicitor to enter in an agreement with Stadium to effect the proposed settlement subject to the Council obtaining the Secretary of State’s consent. The Borough Solicitor drew members’ attention to the balances figure within the report at paragraph 3.41 which had been incorrectly stated and advised of the correct figure which was agreed.
In answer to a question, the Director of Finance and Corporate Resources explained the financial details of the settlement and how it would be funded. It would reduce financial risk to the council. The Director of Housing and Community Care confirmed that the agreement once in place would end the council’s direct involvement in Middlesex House and Lancelot Road.
RESOLVED:
(i) that approval be given to the negotiated settlement comprising full and final financial settlement between the Council and Stadium (including the financial payments from the Council to Stadium as set out in paragraph 3.40 and 3.41 of the report from the Directors of Finance and Corporate Resources and Housing and Community Care);
(ii) that the Director of Housing and Community Care be authorised to enter into an agreement with Stadium and THFC to effect such a settlement and release the Council from any further financial obligations under the scheme (a draft settlement agreement is attached at Appendix 6 and draft Deed of Release is attached at Appendix 7 of the Directors’ report) pursuant to the Council’s powers under Section 111 of the Local Government Act 1972, section 24 of the Local Government Act 1988, section 22 of the Housing Act 1996 and section 2 of the Local Government Act 2000 as set out in paragraphs 5.16 to 5.23 of the report;
(iii) that approval be given for the Director of Housing and Community Care to seek consent from the Secretary of State for Communities and Local Government under section 25 of the Local Government Act 1988 for the payment of any agreed sum to Stadium as part of the financial settlement;
(iv) that the correction to the balances total in para 3.41 of the Directors’ report referred to by the Borough Solicitor at the meeting, be noted.
Supporting documents:
- Restricted enclosure View the reasons why document 25./1 is restricted
- Restricted enclosure View the reasons why document 25./2 is restricted
- Restricted enclosure View the reasons why document 25./3 is restricted
- Restricted enclosure View the reasons why document 25./4 is restricted
- Restricted enclosure View the reasons why document 25./5 is restricted
- Restricted enclosure View the reasons why document 25./6 is restricted
- Restricted enclosure View the reasons why document 25./7 is restricted
- Restricted enclosure View the reasons why document 25./8 is restricted
- Restricted enclosure View the reasons why document 25./9 is restricted
- Restricted enclosure View the reasons why document 25./10 is restricted
- Restricted enclosure View the reasons why document 25./11 is restricted