Issue - decisions
Request for authority to sell properties purchased by the Council for PRS purposes to the Council’s wholly owned company ‘Investing 4 Brent’ for the discharge of homeless duty
23/05/2017 - Request for authority to sell properties purchased by the Council for PRS purposes to the Council’s wholly owned company ‘Investing 4 Brent’ for the discharge of homeless duty
RESOLVED:
12.1 Cabinet approved the sale of residential properties purchased or identified by the Council for the Private Rented Sector programme to be sold to the new wholly owned company ‘Investing 4 Brent’ on the basis of the valuation methodology set out in this report.
12.2 Cabinet delegated authority to the Strategic Director of Resources, in consultation with the Chief Finance Officer, for the sale of properties identified for the PRS programme to Investing 4 Brent.
12.3 Cabinet approved the change of name of the Council’s wholly owned company from Investing 4 Brent Ltd to I4B Holdings Ltd.