Decision details

Grant of lease from TWBC to TWPH Ltd for Packs in the Wood.

RESOLVED:

1.     That the list of residential properties from the Council’s portfolio leased to and managed by Tunbridge Wells Property Holdings Ltd be extended be approved;

2.     That the leasing of Packs in the Wood to Tunbridge Wells Property Holdings Ltd for intensive property management be approved;

3.     That authority be given to the Director of Finance, Policy and Development in consultation with the Monitoring Officer, the Portfolio Holder for Finance and Governance to complete all necessary negotiations, legal processes and legal documentation to complete the granting of the lease be approved.

     REASON FOR DECISION:

To optimise the use of Council-owned property, whilst maximising economic returns