Issue - meetings

This report seeks Executive approval to enter into a subject to planning contract for the disposal of the freehold interest in the former Day Care Centre at Strathcona Road, London HA9 8QR to Howarth Homes Ltd.

(i) that the disposal of the Strathcona Road site on a subject to planning basis to Howarth Homes Ltd. or a preferred purchaser, currently Metropolitan

Housing Trust, for a capital receipt upon the grant of planning consent be approved.

(ii) that, as a reserve in the event that the offer approved in recommendation (i) does not proceed satisfactorily, the offer from Rydon Construction/Catalyst Housing be approved

(iii) that authority be delegated to the Assistant Director of Regeneration and Major Projects, Property and Asset Management, to agree the terms of the transaction in conjunction with the Director of Finance and Corporate Services.

The council owned the freehold interest in the Strathcona Road site, which contained a property that was formerly a Day Care Centre, now decommissioned and vacant. It was proposed to dispose of the site for a capital receipt in line with the Council’s Property and Asset Strategy, which sought to create savings through property and to achieve a redevelopment of the site that would best meet the Council’s planning and regeneration policies. The report summarised the marketing and informal tender process that had been conducted and recommended a preferred bidder and reserve option to be pursued should matters not progress with the preferred bidder as desired.

The Executive also had before them an appendix to the report which was not for publication as it contained the following category of exempt information as specified in Schedule 12 of the Local Government (Access to Information Act) 1972: 

Information relating to the financial or business affairs of any particular person (including the authority holding that information).

RESOLVED 

(i)      that the disposal of the Strathcona Road site on a subject to planning basis to Howarth Homes Ltd. or a preferred purchaser, currently Metropolitan Housing Trust, for a capital receipt upon the grant of planning consent be approved.

(ii)     that, as a reserve in the event that the offer approved in recommendation (i) does not proceed satisfactorily, the offer from Rydon Construction/Catalyst Housing be approved

(iii)    that authority be delegated to the Assistant Director of Regeneration and Major Projects, Property and Asset Management, to agree the terms of the transaction in conjunction with the Director of Finance and Corporate Services.