Decision details

Decision Maker: Corporate Director (Operational Services)

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To decide whether to purchase the leasehold interest in 1 Hillcrest, Kirby-le-Soken.

Decision:

To purchase the 1% leasehold interest in 1 Hillcrest, Kirby-le-Soken held by the late lessee.

Reasons for the decision:

The purchase will have the effect of the leasehold interest merging with the freehold interest meaning that the Council will then own the whole property absolutely.

Alternative options considered:

Not to purchase the 1% interest.

 

However, the Council has a strong demand for two bedroom accommodation in the Kirby-le-Soken area and purchasing a part share in a property owned under the DIYSO scheme represents good value for money.

Interests and Nature of Interests Declared:

None

Publication date: 08/11/2019

Date of decision: 08/11/2019

Accompanying Documents: