Purpose

To agree the terms of leases
with private landlords for 10 years in length, on properties to be
used for temporary accommodation.

Content

Agreed
the model Heads of Terms and business plan
parameters, as set out in exempt Appendix One of this report, for a
ten-year lease to be offered to residential landlords for the
acquisition of accommodation to house homeless households requiring
temporary accommodation.   
 
Noted
that the potential rent payable under each lease
acquisition may generate an annual financial deficit, to be funded
from the General Fund (GF).  The
proposal aims to deliver a GF cost reduction, reducing the current
TA budget pressures.    
 
Noted
that some properties acquired on a ten-year lease
may be located outside of the borough.
 
Noted
the process mapping for the delivery of this
initiative, as set out in Appendix Two of this report.
 
Delegated
authority to the Director of Place and Growth to
negotiate and agree the details of each lease agreement.
 
Agreed
to treat the information contained in the Exempt
Appendix One to this report as exempt information in accordance
with the provisions of paragraph 3 of Schedule 12A to the Local
Government Act 1972 (as amended) (information relating to the
financial or business affairs of any particular person including
the authority holding that information). To agree that this exempt
information contained in the Exempt Appendix One shall not be
released to the press or public.