Issue details

Equity share purchase of remaining shares - 17 Angelica Road

Recommendation to sell the remaining 50% shares to the lessee and to transfer the freehold

Decision type: Key

Reason Key: Expenditure > £200,000;

Decision status: For Determination

Wards affected: Stoughton North;

Notice of proposed decision first published: 26/09/2024

Explanation of anticipated restriction:
None

Decision due: 25 Oct 2024 by Leader of the Council and Lead Councillor for Housing

Lead member: Leader of the Council and Lead Councillor for Housing

Lead director: Joint Assistant Director: Housing Services

Contact: Siobhan Rumble, Interim Executive Head of Neighbourhood Housing Email: siobhan.rumble@guildford.gov.uk.

Authority / Delegation: Scheme of Delegation to Officers 24 July 2024 Paragraph 2.3.4 To dispose of land and buildings, whether leasehold, freehold or shared ownership held in the Housing Revenue Account: (1) up to 0.2 hectares in area and which is less than £200k in value or, (2) where the council is statutorily obliged to dispose in accordance with relevant legislation. (a) the Council to receive best consideration (b) the purchaser must pay all the Council’s costs in relation to the sale (c) all consents being received