The Leader of the Council will be asked to agree the acquisition and finalisation of outstanding pre-conditions on property contract for 39-43 South Street, Romford
Decision type: Key
Reason Key: Expenditure > £500,000;
Decision status: Recommendations Approved
Notice of proposed decision first published: 10/07/2019
This decision will be taken under urgency procedures.
Reason for urgency:
With the consent of the Chair of the Overview and Scrutiny Board, this decision is being added by way of urgency due to the nature of the decision to purchase. The seller has another buyer in place and the Council needs to act expeditiously to ensure the full benefit to the Council and residents. It is important for Havering to have ownership of a strategic asset in South Street, to enable the Borough to have influence on the future regeneration of the area.
Contact: Email: kevin.hazlewood@havering.gov.uk.
Consultees
All relevant Members, business partners and officers will be consulted.