Decision details
Acquisition of the Affordable Housing site, Neville & Winterleys
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
to recommend approval to the acquisition of
the leasehold interest of the social housing element at the
regeneration site known as Neville
Decision:
Cabinet RESOLVED:
(1) To approve the proposed acquisition of the 101 affordable units for the purchase price detailed in Appendix 1 of the report (which contained exempt information) from the Preferred Bidder, subject to it being selected as the developer partner for the NWCC site, on the basis of receipt of GLA funding as detailed in paragraph 3.6 of the report and with the remaining balance to be funded from the capital programme.
(2) To delegate authority to the Strategic Director of Community Wellbeing in consultation with the Cabinet Member for Housing & Welfare Reform to negotiate and agree the terms and thereafter enter into a development and sale and purchase agreement with the Preferred Bidder for the purchase of the 101 affordable units, and thereafter make any variation to the contract if required.
Reason Key: Signficant expenditure/savings of £500k or more;
Wards Affected: Kilburn;
Contact: Patricia Gillis, Head of Affordable Housing and Partnerships Email: Patricia.Gillis@brent.gov.uk Tel: 020 8937 2096.
Report author: Hakeem Osinaike
Publication date: 12/04/2022
Date of decision: 11/04/2022
Decided at meeting: 11/04/2022 - Cabinet
Effective from: 21/04/2022
Accompanying Documents:
- 07. Neville and Winterleys Aquisition
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