Agenda item - Housing Management Procurement for Brickfields Development

1)             Cabinet agrees to the principle of granting a 125-year lease to a Registered Provider for the Brickfields building, along with transfer of liability for the Homes England grant. 

2)             Cabinet delegates authority to the Corporate Director – Homes and Adult Social Care in consultation with the Director of Property and Finance and Cabinet Member for Communities, Equalities, Public Health & Adult Social Care to enter into a 125-year lease for the Brickfields building together with all necessary ancillary documentation with a Registered Provider subject to the following conditions:

·       The council’s developments costs have been met; and

·       The council achieves the best consideration that can reasonably be obtained when generating the capital receipt for the property.