Decision details
Purchase of 115 Affordable Homes from Phase 2 of the Grand Union Development
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
This decision is seeking approval for the purchase of 115 affordable homes from Phase 2 of the Grand Union development in Alperton.
Decision:
Cabinet RESOLVED:
(1) To approve a budget of £30.27m to purchase the long leasehold interest in 115 affordable homes from the Grand Union scheme, subject to contract and subject to a) clean and marketable title b) financial and legal due diligence and c) vacant possession, with a target exchange of contract in May 2022.
(2) To delegate authority to the Strategic Director of Regeneration & Environment in consultation with the Cabinet Member for Regeneration, Property and Planning, to negotiate and agree the terms and thereafter enter into a contract with the developer for the purchase of the scheme and make any necessary additional amendments required to the contract thereafter.
(3) To note that the Strategic Director of Regeneration & Environment pursuant to powers delegated under Part 3 of the Constitution will procure and award various contracts for professional services relating to the construction supervision of the 115 homes that are to be purchased by Brent Council.
Wards Affected: Alperton;
Contact: Patricia Gillis, Head of Affordable Housing and Partnerships Email: Patricia.Gillis@brent.gov.uk Tel: 020 8937 2096.
Report author: Patricia Gillis
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:
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