Purpose

Property acquisition to support the Councils
response to Residential Temporary Accommodation needs in
Aylesbury.

Content

The
Leader:    
 

1.     
AGREED that the Service Director of Property and
Assets in consultation with the Cabinet Member for Accessible
Housing and Resources, the Cabinet Member for Homelessness and
Regulatory Services and S151 Officer is authorised to finalise and
conclude due diligence and heads of terms, exchange contracts and
complete the freehold acquisition in accordance with the content of
this report and confidential annex.

 

2.     
NOTED the position on the current Leasehold
interest at the property as set out in the confidential annex to
this paper.

 

3.     
AGREED to fund the acquisition, refurbishment and
fit out costs from borrowing, using the £100m prudential
borrowing facility approved in the Council’s Capital
Programme, and agree the acquisition, acquisition costs,
construction consultancy and construction contractor refurbishment
costs be added to the Council’s Capital Programme as set out
in the confidential annex.

 

4.     
AGREED that the Service Director of Property and
Assets in consultation with the Cabinet Member for Accessible
Housing and Resources, the Cabinet Member for Homelessness and
Regulatory Services and the Service Director for Housing, is
authorised to agree the scope of required refurbishment works,
appoint necessary construction consultants and contractors to
undertake works within the budget envelope set out in the
confidential annex  to support the
Councils wider response to the Temporary Accommodation needs across
the Council.

 
This decision is being made
under ‘special urgency’ provisions of the constitution
due to the timescales associated with the purchasing
conditions.