Issue - meetings
Parker Court Garages: Grant of new lease
Meeting: 20/04/2023 - Executive (Item 98)
98 Letting of underground car park, Parker Court Garages, Basire St, London N1 8RZ 
PDF 371 KB
Additional documents:
- Appendix 1 Plan of Parker Court Garages, item 98
PDF 781 KB
- EQIA screening Parker Court Garage 230223, item 98
PDF 238 KB
Decision:
AGREED RECOMMENDATION
Reasons for the decision – as detailed in the report
Other options considered – none
Conflicts of interest / dispensations granted – none
Minutes:
RESOLVED:
To authorise the Corporate Director for Community Wealth Building, following consultation with the Corporate Director of Resources and Acting Corporate Director of Homes and Neighbourhoods, to enter into the agreement for lease and subsequent lease of the unused car park under a housing scheme on Basire Street on the terms set out in exempt Appendix 2 of the report of the Executive Member for Finance, Planning and Performance, along with the delegation to amend any such reasonable matters during the completion of the necessary paperwork.
Reasons for the decision – The ability to generate substantial long-term income for the Housing Revenue Account from non-operational property assets provided a much-needed revenue stream to the Council to reinvest in social housing. Additionally, in keeping with mitigating environmental and amenity concerns, the proposed use created opportunities to support both residents and the local business community with storage opportunities in the vicinity.
Other options considered – none
Conflicts of interest / dispensations granted – none