Purpose

To approve purchase of the remaining shares
and transfer of the freehold in accordance with the terms of the
equity share lease.

The lessee’s have a right to purchase the freehold reversion
under the terms of their lease

Content

Constitution Paragraph No: Council’s
21/07/2023 Constitution Part 3, Page 3-59 Para 28 Head of Housing
Services

To make all necessary contractual and conveyancing arrangements in
connection with the Council’s equity sharing scheme.