Decisions for issue Review of the long lease held by The Brighton Lions at Lions Court

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.

1)       That the Policy and Resources Committee be recommended to approve the sale of 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 allocation scheme stating that new tenants will be on the council’s housing register.   

2)       It is agreed that if a decision is taken to sell the freehold, a restrictive covenant is placed on the land for social housing use only.

3)    That it is noted that the council will be offered nominations by the Brighton Lions if they are unable to let a vacant flat.   

4)       That the Policy and Resources Committee be recommended to approve that the capital receipt be used to support the HRA capital programme.