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: