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Decision details

Release of 23 Shared Ownership Homes

Decision Maker: Corporate Director of Neighbourhoods & Regeneration

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To seek authority to dispose of 23 shared ownership homes that form part of the acquired Grand Union (Block D).

Decision:

(1)        To approve the proposed disposal to SNG of the 23 shared ownership homes at Block D, Grand Union (the Property) in accordance with the Council’s Constitution.

 

(2)        To note that Heads of Terms will need to be agreed with relevant third parties in respect of the proposed disposal of the Property and to authorise officers to negotiate and agree such Heads of Terms as may be necessary with the relevant third parties in relation to the same (which may include agreeing terms in respect of any variation which may need to be negotiated and agreed with regard to existing deeds).

Reasons for the decision:

As detailed within the accompanying report.

Alternative options considered:

As detailed within the accompanying report.

Interests and Nature of Interests Declared:

None.

Reason Key: Signficant expenditure/savings of £500k or more;

Wards Affected: Alperton;

Cabinet/Committee Decision or Scheme of Delegation: Delegation approved by Cabinet (23 July 2023 - Release of 23 Shared ownership homes

Parties Consulted: None specific given delegation approved by Cabinet in July 2023.

Contact: Zak Rezig, Senior Development Manager Email: zak.rezig@brent.gov.uk Tel: 020 8937 1589.

Publication date: 21/08/2024

Date of decision: 20/08/2024

Effective from: 29/08/2024

Accompanying Documents:

 

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