Purpose

Decision Taken: Authority is
required to approve the service of break notices in respect of two
flats in the Westbourne W2 area.
 
Reason for Decision: The report
recommends service of break notices in relation to council held
leases of two flats in London W2.  The leases have no further
commercial or operational use to the council and exercise of the
break options will mitigate the associated lease costs between the
break date and expiry date of the leases. The exercise of the
break options will mitigate the lease costs between the break date
and lease expiry.  This is estimated to be 3 years and a
revenue saving of circa £350,000 based on current lease
costs.