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RESOLVED:
 

1.1.        
To note the progress on asset disposals and the
financial position of Brick by Brick
Croydon Ltd (BBB) since the last update report presented to Cabinet
on 30th November 2022.
 

1.2.        
To approve that the Council under its Housing
Revenue Account (HRA) purchase the freehold of the previous
Printworks site on Portland Place in South Norwood for a
consideration of £0.854m from BBB with the aim of the site
being allocated for future housing regeneration opportunities in
South Norwood.

 

1.3.        
To approve that the Council can vary the Belgrave
and Grosvenor Option Agreement, subject to agreement with BBB, to
include the ability to acquire the Belgrave & Grosvenor site
for £1.217m all-inclusive of costs incurred by
BBB.

 

1.4.        
To approve that once the variation to the Belgrave
and Grosvenor Option Agreement has been agreed with BBB, the
Council via its HRA can acquire the site from BBB with the aim of
the site being allocated for future housing regeneration
opportunities in South Norwood.

 

1.5.        
To delegate to the Corporate Director Resources and
S151 Officer, in consultation with the Executive Mayor, Lead Member
for Finance and Director of Commercial and Property to acquire any
asset (including land and property) from BBB subject to appropriate
due diligence.