159 Lenworth House PDF 53 KB
Minutes:
Mr
Andrew Connors, Housing Delivery Manager, conveyed to the Committee
that at a previous meeting of the Committee the purchase of
Lenworth House had been authorised.
Lenworth House was a development of
flats which was intended to be let to tenants on the private rental
market. In order to achieve this, a lease of the property was
required to be granted to the Council’s private sector rental
company, Maidstone Property Holdings Limited. The reason for this
was the Council was barred by legislation from granting tenancy
agreements at market rental rates. However this activity can be
carried out by a private company, wholly owned by the
Council.
RESOLVED: That
1.
The Director of Finance and business Improvement is
granted delegated authority to grant a lease of Lenworth House by Maidstone Borough Council to
Maidstone Property Holdings Limited on terms to be agreed, and
authorise the completion of such lease and all ancillary
deeds/agreements.
2.
The Head of Mid Kent Legal Services be authorised to
complete the necessary legal formalities for such lease and any
ancillary deeds/agreements in due course.
Voting: For -
12
Against - 0
Abstentions – 1