Exempt Paragraph 3
Information relating to the financial or business affairs of any particular person (including the authority holding that information)
RESOLVED
That the Cabinet delegated authority for the negotiation, approval and completion of all relevant legal documentation to complete the proposed purchase as described in Section 7of report SHAP/85, to the Head of Strategic Housing Services, Head of Governance, People & Performance and Head of Corporate Finance, in consultation with the Leader of the Council and the Cabinet Member for Housing.
(Generic Delegations 2 & 3 will be used to enact this recommendation).
Reasons for the Recommendations
Expanding the
portfolio of Council owned temporary accommodation aims to reduce
the reliance on expensive nightly paid temporary accommodation,
provide a good standard of temporary accommodation, minimise the
risk of the council breaching its statutory homeless duties and
generate an income and property asset to the
Council.
Expanding the
portfolio of Council owned temporary accommodation through the
acquisition of properties will help alleviate some of these
pressures.
This particular property will make a significant contribution to improving the Council’s local Temporary Accommodation offer with minimum disruption to the surrounding area as it is already in use as a large House of Multiple Occupation (HMO).