Flats at Newport Road, Hayes End
Minutes:
RESOLVED:
That the Cabinet:
1. Authorise the purchase of land at Newport Road, Hayes, UB4 8JX from and to enter into a Land and Development Agreement with B&K Developers Ltd to purchase 24 new build flats as set out in this report;
2. Approve the setting of housing rents to London Affordable Rent (LAR);
3. Approve a budget virement as set out in this report from the HRA Unallocated Acquisitions and Development Budget to create the Newport Road development budget;
4. Approve the Capital Release as set out in this report;
5. Delegate any further decisions to implement this project and agreements to sign, to the Corporate Director of Place, in consultation with the Cabinet Member for Property, Highways & Transport.
Reasons for decision
Cabinet agreed to acquire a property in Hayes to contribute to the Council’s target of 100 new build social rented homes per year. The Cabinet Member for Property, Highways and Transport noted these would be high quality zero carbon new homes.
Alternative options considered and rejected
Cabinet could have decided not to buy the development, but considered the pressing demand for rented accommodation at the current time.
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Property, Highways and Transport |
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Expiry date for any scrutiny call-in / date decision can be implemented (if no call-in) |
These decisions can be called-in by 5pm, Friday 28 April 2023 |
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Officer(s) to action |
Julie Markwell |
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Directorate |
Place Directorate |
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Classification |
Private - Whilst the Cabinet's decisions above are always made public, the officer report relating to this matter is not because it was considered in the private part of the meeting and contained information relating to the financial or business affairs of any particular person (including the Authority holding that information) and the public interest in withholding the information outweighed the public interest in disclosing it in accordance with Section 100(A) and paragraph 3 of Part 1 of Schedule 12 (A) to the Local Government Act 1972 (as amended). |