Decision details

The Mayor considered a confidential officer’s report presented by Councillor Paul Bell, the Cabinet Member for Housing, and

RESOLVED that

(1)          the rationale for the proposed purchase of Morton House, 12-14 Lewisham Park; SE13 6QZ be noted;

(2)          the due diligence work already undertaken in relation to the proposed purchase of Morton House be noted;

(3)          the further due diligence work required to complete the business case be noted;

(4)          it be agreed in principle to purchase Morton House, 12-14 Lewisham Park, SE13 6QZ for not more than a stated figure plus a further figure for legal/surveying fees and SDLT (totalling a stated figure);

(5)          a budget of not more than a stated figure for the cost of refurbishing the current building to meet the Council’s requirements and to modernise to current standards be agreed in principle; and

(6)          it be agreed to delegate authority to the Executive Director for Housing, Regeneration and Environment in conjunction with the Director of Law and Director of Corporate Resources to proceed with the purchase and complete the acquisition of 12-14 Lewisham Park; SE13 6QZ once they are satisfied with the business case and that the purchase and subsequent refurbishment reflects value for money.