Issue - meetings
Leasehold, right to buy and mortgage property insurance
Meeting: 19/08/2013 - Executive (Item 14)
14 Leasehold, right to buy and mortgage property insurance 
PDF 82 KB
This report concerns the award of the Council’s leasehold, right to buy and mortgaged property insurance contract.
Additional documents:
- cent-insurance-contract-app1, item 14
PDF 13 KB
- cent-insurance-contract-app2, item 14
PDF 14 KB
- cent-insurance-contract-app3, item 14
PDF 13 KB
- cent-insurance-contract-app4-restricted , View reasons restricted (14/5)
Decision:
That approval be given to award the Leasehold, Right to Buy & Mortgaged Property Insurance contract to Acumus Ltd for a period of 3 years (with an option to extend for a further 2 years).
Minutes:
The report from the Deputy Director of Finance concerned the award of the Council’s leasehold, right to buy and mortgaged property insurance contract. Councillor R Moher (Lead Member, Resources) summarised the tender process and was pleased to report that the outcome would be a saving of £308,000 per annum for leaseholders as costs were recharged to them.
The Executive also had before them an appendix to the report which was not for publication as it contained the following category of exempt information as specified in Schedule 12 of the Local Government (Access to Information Act) 1972: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:
that approval be given to award the Leasehold, Right to Buy and Mortgaged Property Insurance contract to Acumus Ltd for a period of three years (with an option to extend for a further 2 years).