Content

Exempt Paragraph 3
Information relating to
financial and business affairs of any particular person (including
the Authority holding that information)
 
RESOLVED
 
That the Cabinet:

a)     
Agrees to extend the lease at set out in paragraph 5.5 of report
SHAP/095 and, in doing so, confirms that this decision supersedes
Cabinet’s previous decision taken on 5 February 2025 (in
relation to report SHAP/093) to dispose of the related
land.

b)     
Delegates the negotiation, approval and completion of all relevant
documentation including legal paperwork necessary for the lease to
be extended, on agreeable terms, to the Head of Strategic Housing,
the Head of Corporate Finance, and the Head of Governance, People
& Performance, 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
 
The lease extension will retain the site for
continued use as affordable housing, and will enable the
restrictive covenant on the adjacent site to be removed, to allow
the sale of that site to proceed into contract for the provision of
additional affordable housing.

The Leaseholder initially expressed an
interest in buying the leased land, as detailed in report SHAP/093,
but the Leaseholder has subsequently opted for the alternative
option of extending the lease, and this report (SHAP/095) seeks
authority to proceed with the lease extension instead of the land
disposal.