Issue - meetings

To consider and decide on the recommendations as set out in the attached report.

RESOLVED – That the report be noted.

REASON FOR DECISION:

To comply with the Constitution.

John Antoniades, Estates Manager introduced the report that informed of the property transactions completed under delegated authority for the period 1 July to 31 December 2020.

Discussion and responses to Members question included the following:

-       During the second 6 months of the calendar year the Council had disposed of no property assets.

-       11 new leases and licences were granted creating a net revenue increase of £29,207.45.

-       5 rent reviews were completed securing a net annual rental increase of £2,870.67.

-       A clawback payment of £45,798.66 was secured for Red Oak, Hawkhurst, a site previously sold by TWBC at auction.

-       5 new Assured Shorthold Tenancies (AST) were granted.

-       Due to the pandemic, a number of TWPH Ltd AST renewals had been placed on hold, but these were now being renewed.

To note, the matter was decided in taking the exempt information set out in the Agenda as read.

RESOLVED – That the report be noted.

REASON FOR DECISION:

To comply with the Constitution.

To consider and provide a recommendation to Cabinet on the proposals set out in the attached report.

John Antoniades, Estates Manager introduced the report that informed of the property transactions completed under delegated authority for the period 1 July to 31 December 2020.

Discussion and responses to Members questions included the following:

-       During the second 6 months of the calendar year the Council had disposed of no property assets.

-       11 new leases and licences were granted creating a net revenue increase of £29,207.45 per annum.

-       5 rent reviews were completed securing a net annual rental increase of £2,870.67.

-       A clawback payment of £45,798.66 was secured for Red Oak, Hawkhurst, a site previously sold by TWBC by auction.

-       5 new Assured Shorthold Tenancies were granted.

-       Due to the pandemic a number of TWPH Limited AST renewals were placed on hold.  These were now being renewed.

-       The collection of rents due to Covid-19 had been challenging for the Council.  Some of the arrears had now been cleared, the others were under control and being dealt with on a case by case basis.

To note, the matter was decided in taking the exempt information set out in the Agenda as read.

RESOLVED – That the recommendations to Cabinet as set out in the report be supported.