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 introduced the report that informed Cabinet of the property transactions completed under delegated authority for the period 1 January to 30 June 2020.

Discussion and responses to Members questions included the following:

-       During the first 6 months the Council had disposed of one property asset of Land at Hornbeam Avenue, Tunbridge Wells for £526,000.

-       Five new lettings/licences were granted which equated to a net revenue increase of £20,931,000.

-       Six rent reviews were completed which secured a net annual rental increase of £1,144.02.

-       No properties were acquired by TWBC during this period.

-       One new Assured Shorthold Tenancy was granted during this period.  The Covid-19 pandemic resulted in a number of tenancy renewals being temporarily placed on hold.  Once the current lockdown was relaxed the outstanding renewals would be completed.

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.