Decision - Review of the long lease held by The Brighton Lions at Lions Court
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Decision details
Review of the long lease held by The Brighton Lions at Lions Court
Decision Maker: Policy & Resources Committee (pre 2015)
Decision status: Recommendations approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
Brighton Lions, a charity, were leased HRA
land in 1968 in order to build. They built 30 older persons’
flats and manage them. The lease has 50 years left to run and they
have asked the council to sell them the freehold.The report will
review the following options for the council:
a) to sell the freehold to the Bighton Lions
b) to agree to an extension of the lease
c) to let the current lease continue until it expires.
Decision:
1) That the Policy and Resources Committee approves the Housing & New Homes Committee’s recommendation to sell the freehold of Lions Court to the Brighton Lions for a consideration equal to its market value, in the sum of £670,000, subject to the Lions allocations scheme stating that new tenants will be on the council’s housing register.
2) That the Policy and Resources Committee approves that the capital receipt be used to support the Housing Revenue Account (HRA) capital programme.
3) That the Policy and Resources Committee notes that a restrictive covenant will be placed on the land for social housing use only.
Report author: Simon Pickles
Publication date: 15/10/2015
Date of decision: 15/10/2015
Decided at meeting: 15/10/2015 - Policy & Resources Committee (pre 2015)
Accompanying Documents:
- Item 53 - Extract to PR Brighton Lions
PDF 68 KB - Review of the long lease held by The Brighton Lions at Lions Court
PDF 104 KB
- Enc. 1 for Review of the long lease held by The Brighton Lions at Lions Court
PDF 1024 KB
- Enc. 2 for Review of the long lease held by The Brighton Lions at Lions Court
PDF 487 KB