URL: https://moderngov.southwark.gov.uk/ieDecisionDetails.aspx?ID=8234

Decision Maker: Strategic Director of Resources

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: Approval to complete acquisition of a 60-year lease to facilitate provision of a new children’s home.

Content: Approval to complete acquisition of a 60-year lease to facilitate provision of a new children’s home. That:   ·  The Director of Planning & Growth and the Head of Property enter into the arrangements for taking a Lease of 1 Colyton Road from London & Quadrant Housing Trust (L&Q), and to complete a Licence for Alterations for proposed improvement works – as a simultaneous addendum to the Lease be authorised by the Strategic Director of Resources.   ·  Circumstances leading to the proposed letting, and the due diligence being undertaken by officers and their advisors be noted by the Strategic Director of Resources.   ·  The financial arrangements for the proposed Lease, (along with the proposed Licence for Alterations and proposed Works Contract), and the time-limited availability of a Department for Education (DfE) match funding grant – all to enable the new service provision of a second new children’s home be noted by the Strategic Director of Resources.   ·  The Director of Planning and Growth and the Head of Property delegate authority to the Strategic Director of Resources to:   a)  Complete the Lease (leasing-in of the property) and the associated Licence for Alteration from L&Q; and   b)  Agree any minor amendments to the Lease terms outlined in the BV19 (see Appendix 3), and/or the Licence for Alterations terms.

Date of Decision: December 23, 2024