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Issue - meetings

Transfer of Residential Assets to Maidstone Property Holdings Ltd

Meeting: 10/02/2021 - Policy and Resources Committee (Item 165)

Management of Residential Assets

Minutes:

The Head of Housing and Community Services introduced the report and highlighted that the Council had retained a small number of service tenancies together with some tenancies let on long leases. Agreement was needed on how to manage these tenancies once the staff members residing at the property retires and the accommodation was no longer required for the betterment of an employee’s duties.

 

RESOLVED: That

 

1.  The Director of Finance and Business Improvement be granted delegated authority to dispose of or to transfer residential property to Maidstone Property Holdings Ltd on the basis set out in Paragraph 4 of the report; and

 

2.  The Director of Finance and Business Improvement be granted delegated authority to grant such leases to Maidstone Property Holdings Limited on terms to be agreed, and to authorise the negotiation and completion of such leases and all necessary and ancillary deeds and agreements and that the Head of Mid Kent Legal Services be authorised to negotiate and complete the necessary legal formalities and all such leases, deeds and agreements in due course.