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Decision:
Agreed to purchase
the long leasehold interest of 42 Round Hill Way for £262,000
and enter into a settlement agreement. 
 
Reason(s):
The Council already
have an obligation for the structural repairs to the property and
as such has a liability in relation to this property as it suffers
from significant structural defects.
 
To take ownership of
the property will enable the property to be put back to the most
appropriate use within the HRA. 
 
Other options considered and rejected by the
Executive:
 
Do not purchase
property – legal action has been threatened which brings high
risk of substantial damages for disrepair and legal costs, a court
order requiring the Council to carry out the works of repair, and
damage to reputation.
 
Do the Works –
doing the works will not remove the risk of a claim in damages for
historical losses suffered by the leaseholder and will mean that
the property remains in private ownership.
 
Details of any conflict of interest declared
by the Leader or lead councillors and any dispensation granted:
 
None.