Issue - decisions
Purchase of a S.106 block of apartments at the Telford Homes Alperton Bus Garage Development
08/11/2021 - Purchase of a S.106 block of apartments at the Telford Homes Alperton Bus Garage Development
Cabinet RESOLVED to delegate authority to the Director of Finance in consultation with the Lead Member for Finance and the Operational Director of Property and Assets to negotiate and agree the terms and thereafter enter into a 50 year under lease (to be made between L.B. Brent and Asset SPV) in respect of the 155 affordable homes within the Alperton Bus Garage Development subject to:
(a) clean and marketable title;
(b) financial and legal due diligence;
(c) all commercial terms having been agreed between the parties; and
(d) vacant possession, with a target completion date as soon as possible after the grant of the long lease of 999 years (the headlease).