Issue - items at meetings - Review of the long lease held by The Brighton Lions at Lions Court

Report of the Acting Executive Director for Environment, Development & Housing (copy attached).

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.

53.1       RESOLVED:

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.