Decision - Proposed Leases to Brighton & Hove Seaside Community Homes Ltd (Seaside).

To approve the leasing arrangements of 499 properties to Brighton & Hove Seaside Community Homes Ltd.

Cabinet will assess the content of the proposed agreement following endorsement and sign-off by the Board of Brighton & Hove Seaside Community Homes Ltd.

56.1        The Cabinet considered a report of the Strategic Director, Place concerning the proposed final contractual and financial arrangements necessary for the Council to lease 499 properties to the Local Delivery Vehicle in order to generate a significant capital receipt to contribute towards meeting the Council’s decent home standards.

56.2        RESOLVED - That, having considered the information and the reasons set out in the report, the Cabinet accepted the recommendations as detailed in the Part 2 confidential report.