Bushfield Court, Orton Goldhay, Peterborough - APR20/CMDN/104
Decision Maker: Cabinet Member for Housing, Culture and Recreation, Cabinet Member for Strategic Planning and Commercial Strategy and Investments
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The Cabinet Member:
1. Approved an agreement to lease and new lease of 51 flats at Bushfield Court at Local Housing Allowance rates for a term of 5 years.
2. Approved payment of associated Stamp Duty Land Tax and professional fees.
Reasons for the decision:
The Council needs additional housing for temporary accommodation and there is an opportunity to lease 51 flats in one location at LHA rates.
Alternative options considered:
The alternative option considered was to acquire a long leasehold of the properties. This option has been discounted because the requirement for temporary accommodation may be very different in five years’ time. A purchase would not align with the Council’s Asset Management Plan, given the significant investment required by the landlord to bring the property up to a compliant standard.
Interests and Nature of Interests Declared:
Publication date: 29/04/2020
Date of decision: 29/04/2020
Effective from: 05/05/2020