Purpose

Recommendation to purchase the long leasehold
interest of a flat due to structural defects which, as freeholder
of the property, are the Council’s responsibility.

Content

Decision:

(1)
   That pursuant to Section 100A(4) of the Local
Government Act 1972, the public be excluded from the meeting during
consideration of revised agenda item 7 on the grounds that it is
likely, in view of the nature of the business to be transacted or
the nature of the proceedings, that if members of the public were
present during consideration of the item, there would be disclosure
to them of exempt information (as defined by Section 100I of the
Act) of the description specified as appropriate in Paragraphs 1
and 3 of the revised Part 1 of Schedule 12A to the Act
namely:
Para
(1):   Information relating to any individual.

Para
(3):   Information relating to the financial or business
affairs of any particular person (including the authority holding
that information).

(2)    That the public interest in
maintaining the exemption outweighs the public interest in
disclosing the information.

 

Decision:
That the Council purchases the
long leasehold interest of 56 Roundhill Way, Guildford, for
£225,000.
 
Reasons:
·     
The Council is responsible for the structural
repairs to the block in which the property is located, and it is
the only property in the block which is privately owned.
·     
To take ownership of the property will enable the
property to be put back to the most appropriate use within the
HRA. 
 
Other options considered and
rejected by the Executive:
To
not purchase the property.
Details of any conflict of
interest declared by the Leader or lead councillors and any
dispensation granted:
None.