Issue - meetings

That (A) the Council agree to the transfer for £1 to Riversmead/Network Housing Associations the capital asset identified at Tudor Way, Hertford  in exchange for nomination rights to lettings in perpetuity; and

(B)     the Council agree to the transfer in (A) above on the condition that the new affordable dwellings on Tudor Way have a mix of tenure of rental and shared ownership family dwellings.

The Executive Member for Health and Wellbeing submitted a report seeking approval to release a capital asset at Tudor Way, Hertford, for the provision of affordable homes to be delivered by Riversmead/Network Housing Associations. 

The Leader advised Members that Essential Reference Paper ‘B’ of the report submitted, included exempt information as defined by paragraph 3 of Part I of Schedule 12A to the Local Government Act 1972.  She expressed her wish to consider the matter in the public arena as far as possible.  However, if Members wished to ask detailed questions relating to this document, the meeting could exclude the press and public.

The Executive Member detailed the current property situation and suggested that the proposed disposal was the best course of action available to the Council, in view of the affordable housing that would be provided within the new development.  He clarified that the Council would have nomination rights in perpetuity.

The Executive approved the proposals now detailed.

RESOLVED - that (A) the Council agree to the transfer for £1 to Riversmead/Network Housing Associations the capital asset identified at Tudor Way, Hertford  in exchange for nomination rights to lettings in perpetuity; and

(B)      the Council agree to the transfer in (A) above on the condition that the new affordable dwellings on Tudor Way have a mix of tenure of rental and shared ownership family dwellings.