Cabinet AGREED:
1. That the Council acquires the land and properties under a sale agreement (land) and separate building contract for 36 affordable housing units (14 affordable rent and 22 Low cost home ownership) at St Georges Hospital, Suttons Lane, Hornchurch on the basis of the heads of terms provided in Exempt Appendix A of the report.
2. That the Council Housing Revenue Account (HRA), supported by GLA grants, funds the purchase of the homes based on the financial viability of the scheme as shown in Exempt Appendix B , be approved
3. That the additional expenditure for the procurement of relevant specialist external services including legal advisors and Employers Agents as set out at Exempt Appendix B is approved
4. That the Director of Housing acting in consultation with the Section 151 Officer, be authorised to enter into all necessary legal agreements, incorporating any associated minor adjustments to the heads of terms set out at Exempt Appendix A, to bring into effect the proposed arrangements in Recommendations 1 and 2 as soon as is practicable.