Greenwich Council

Decision details.

Disposal of Three Sites to Pocket Living [Report to Follow]

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

1.       Agreed in principle to the disposal of three sites to Pocket Living Limited, subject to the outcome of consultations with tenants and leaseholders.

2.       Noted that subject to agreement this will deliver approximately 150 intermediate affordable homes and approximately £100,000 to £130,000 in Council Tax yield. 

3.       Agreed that 20% of the receipt will be for public realm improvements in the immediate estate (proportionate to the value of the receipt for each site).

4.       Agreed that 80% of the receipt will be used to deliver new Council built and managed homes.

5.       Agreed to report on consultation with those tenants and leaseholders of the Council potentially affected by the proposal.

6.       Agreed to delegate authority to report on the consultation to the Director of Housing and Safer Communities in consultation with the Cabinet Member.

7.       Agreed to delegate authority to agree detailed terms for each disposal to the Director of Regeneration, Enterprise and Skills, in consultation with the Cabinet Member and taking consideration of the consultation.

8.       Agreed to treat the information presented at Exempt Appendix 1 as exempt under the provisions of the Local Government Act 1972, Schedule 12A on the basis of 3) Information relating to the financial or business affairs of any particular person (including the authority holding that information).

9.       Agreed that the exempt information, presented at Exempt Appendix 1 is not subsequently released to the press or public.

 

Report author: Gary Stevens

Publication date: 25/07/2018

Date of decision: 24/07/2018

Decided at meeting: 24/07/2018 - Cabinet

Effective from: 02/08/2018

Accompanying Documents: