Purpose

The Cabinet approved report SHAP/095 on 22 July 2025, to permit the extension of the lease as set out in paragraph 5.5 of that report, for the continued provision of affordable housing. Resolution b) of that report delegates the negotiation, approval and completion of all relevant documentation including legal paperwork necessary for the lease to be extended, on agreeable terms, to the Head of Strategic Housing, the Head of Corporate Finance, and the Head of Governance, People & Performance, in consultation with the Leader of the Council and the Cabinet Member for Housing.

Decision

To enter into the extended lease period in conjunction with removing a restrictive covenant over a portion of the adjacent site to allow for the sale of that site to proceed for the provision of additional affordable housing. The Head of Strategic Housing in conjunction with the Head of Corporate Finance and the Data & Democracy Manager in the interim on behalf of the Head of Governance, People & Performance, and in consultation with the Leader of the Council and the Cabinet Member for Housing.

Alternative options considered

The alternative option of selling the site to the Leaseholder was explored, but the Leaseholder rather opted for the lease extension.