Decision details

To approve the acquisition of land and buildings at the Old Kent Road SE15

RESOLVED:

1.  That pursuant to s120 of the Local Government Act 1972 and s9 of the Housing Act 1985, that the council be authorised to acquire the freehold interest in the property shown edged red on the plan at Appendix A of the report.

2.  That the principal purchase terms set out in full in paragraph 4 of the closed version of the report and substantially in paragraph 22 of the open report be authorised.

3.  That the acquisition through the housing revenue account (HRA) with the primary focus being the delivery of high quality council housing be authorised. Interim income derived from the acquisition will accrue to the HRA.

4.  That authority be delegated to the director of regeneration to agree the detailed terms of the acquisition.