Approval of Delegated Authority to Seal Plans for Residential Properties within the Council's Housing Assets Portfolio
Exempt report of Assistant Director – Growth and Economy
Additional documents:
Decision:
Resolved
(1) That the applying of seals for plans to two properties within the Council’s housing assets portfolio be approved and thereby completion of the transactions enabling Registration at the Land Registry be authorised.
(2) That the power to authorise the sealing of plans and agreements of similar transactions within the Council’s housing assets portfolio be delegated to the Assistant Director – Growth and Economy (or such other Assistant Director or officer with responsibility for the management of the Council’s housing assets portfolio), in consultation with the Council’s s151 Officer and Monitoring Officer and it be noted that this delegation will be inserted into the Council’s Scheme of Delegations.
Minutes:
The Assistant Director – Growth and Economy submitted and exempt report to seek approval to apply the Council’s seal for plans to two properties within the Council’s housing assets portfolio (as set out on the exempt annex to the Minutes as set out in the Minute Book), which will enable Registration of the transactions at the Land Registry. In addition, Executive was requested to agree to put in place appropriate delegations for similar transactions in the future.
Resolved
(1) That the applying of seals for plans to two properties within the Council’s housing assets portfolio be approved and thereby completion of the transactions enabling Registration at the Land Registry be authorised.
(2) That the power to authorise the sealing of plans and agreements of similar transactions within the Council’s housing assets portfolio be delegated to the Assistant Director – Growth and Economy (or such other Assistant Director or officer with responsibility for the management of the Council’s housing assets portfolio), in consultation with the Council’s s151 Officer and Monitoring Officer and it be noted that this delegation will be inserted into the Council’s Scheme of Delegations.
Reasons
The transactions for the two properties can only be registered at the Land Registry with sealed plans.
By the Executive approving applying of seals for plans to these two properties within the Council’s housing assets portfolio, Executive will thereby authorise completion of the transactions enabling Registration at the Land Registry
Providing the delegation to authorise the sealing of plans and agreements of similar transactions within the Council’s housing assets portfolio will avoid the need to return to Executive for any future similar transaction.
Alternative options
Option 1: Not to agree to the approval; and to the delegation of authority requested – this has been rejected because to do so would leave uncertainty around the two properties and the Council’s management of its housing assets portfolio.