Issue - meetings

This report seeks approval to proceed with the disposal of the Council’s loft spaces within the Housing Revenue Account (HRA) at 72b Purves Road, London NW10 5TB, 38b Wendover Road, London NW10 4RT and 31b Sellons Avenue, London NW10 4HJ, for capital receipts. 

(i)         that approval be given to the disposal of the Council’s loft spaces, as set out in paragraph 3.8, for capital receipts;

(ii)        that authority be delegated to the Strategic Director, Regeneration and Growth to finalise and agree the terms of the loft space disposals as set out in paragraph 3.8 in accordance with the premiums set out in appendix 1;

(iii)       that approval be give to the waiver of the limitation of the Officer delegated authority limit where this applies to the disposal of undemised areas such as loft and basement sales, in order that the Strategic Director, Regeneration and Growth  may, in consultation with the Lead Member for Regeneration and Growth, approve such disposals.  In such transactions, the leasehold term that is required to be granted exceeds the delegated authority limit, but the value of the premium is generally relatively low.  Such approvals would be subject to the value of the premium falling within the delegated authority limit.

The Lead Member, Housing and Development, Councillor McLennan, introduced the report which sought approval to proceed with the disposal of the council’s loft spaces within the Housing Revenue Account (HRA) at 72b Purves Road, London NW10 5TB, 38b Wendover Road, London NW10 4RT and 31b Sellons Avenue, London NW10 4HJ, for capital receipts.  The report sought permission to delegate powers to the Strategic Director, Regeneration and Growth where these powers apply to enter into property transactions for un-demised areas, such as the disposal of loft spaces and basements.  Such transactions required the granting of new rights under deeds of variation or new leases, but which were generally not of significant monetary value in themselves.  

Members welcomed the opportunity to make the disposal process more efficient and heard that information on sales would be available.

The Cabinet also had before them an appendix to the report which was not for publication as it contained the following category of exempt information as specified in Schedule 12 of the Local Government (Access to Information Act) 1972: 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 approval be given to the disposal of the Council’s loft spaces, as set out in paragraph 3.8 of the report from the Strategic Director, Regeneration and Growth, for capital receipts;

(ii)        that authority be delegated to the Strategic Director, Regeneration and Growth to finalise and agree the terms of the loft space disposals as set out in paragraph 3.8 in accordance with the premiums set out in appendix 1 to the report from the Strategic Director;

(iii)       that approval be given to the waiver of the limitation of the officer delegated authority limit where this applies to the disposal of un-demised areas such as loft and basement sales, in order that the Strategic Director, Regeneration and Growth may, in consultation with the Lead Member for Housing and Development, approve such disposals.  In such transactions, the leasehold term that is required to be granted exceeds the delegated authority limit, but the value of the premium is generally relatively low.  Such approvals would be subject to the value of the premium falling within the delegated authority limit.