Issue - decisions
Head lease purchase of Lodge and Manor Court, Wembley Central
17/01/2017 - Head Lease Purchase of Lodge and Manor Court in Wembley Central
RESOLVED:
i. Cabinet gave approval for officers to negotiate with Holaw (401) Ltd for their head lease, on a without prejudice and subject to lease basis. The purchase of the head lease would remove the rent liability the Council currently has under its sub-lease and extend the Council’s ownership in the blocks by an additional 70 years.
ii. Cabinet delegated authority to the Strategic Director, Resources to approve the final terms of the purchase