Purpose

To provide an update on the Barham Park
Strategic Property Review including the position regarding the
restrictive covenant relating to 776 – 778 Harrow Road.

Content

RESOLVED to:
 

(1)    To note
the outcomes from the architect’s feasibility study
commissioned by the Council on behalf of the Trust, as detailed
within the report.
 

(2)    To
delegate authority to the Director for Environment and Leisure
Services in consultation with the Chair of the Trust Committee
to:
 

(a)    Obtain
detailed costings of the preferred option presented in the
architect’s report including a cost/benefit analysis and
financial appraisal of the proposed scheme.

 

(b)   
Undertake detailed analysis of the legal risks associated with the
proposed scheme and the means as to their mitigation and
management.
 

(c)    Prepare
a draft investment strategy to establish the Council’s
ability to fund the refurbishment proposal and prepare an outline
delivery plan for consideration by the Trust.
 

(3)    To agree
for the Director for Environment and Leisure Services in
consultation with the Chair of the Trust Committee to report back
the findings and recommendations to the next available Trust
Committee, outlining the suggested interventions, the amount of
funding required to deliver the whole Estate option being
recommended by RLB, and the potential financial options that would
enable delivery of the scheme.
 

(4)    To agree
to hold in abeyance the letting/lease renewal of units 2, 7 and 8
until such time as the Director for Environment and Leisure
Services has considered the viability of progressing the proposed
scheme, with an update being provided at the next available Trust
Committee.
 

(5)    Agree
for the Director for Environment and Leisure Services in
consultation with the Chair of the Trust Committee to negotiate in
principle the variation of the restrictive covenant in respect of
776 and 778 Harrow Road for the best terms that can reasonably be
obtained, subject to final approval by the Trust Committee, and any
approval required by the Charity Commission under the Charities Act
2022 and 2011.