Ainsdale
Report of the Head of Corporate Resources
Minutes:
The Cabinet considered the report of the Head of Corporate Resources seeking approval to negotiate the acquisition of the leasehold interests in a property in Ainsdale.
Decision Made: That
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(1) |
the appointment of the professional valuers, detailed within the report, to act for the Council in negotiating the acquisition of the leasehold interests at a property in Ainsdale be approved;
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(2) |
negotiations be undertaken with the leaseholders to acquire their interests in the property; and
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(3) |
approval be granted to set aside the sum, detailed within the report, to acquire all the leasehold interests in the property. |
Reasons for the Decision:
The overall condition and appearance of the property in Ainsdale is very poor and in need of total redevelopment. The site suffers from anti-social behaviour and has a negative impact on the local community and area.
Alternative Options Considered and Rejected:
Do not acquire leasehold interests – risk is the continued physical deterioration of the property in Ainsdale and associated problems for the local community.
Risk: current residential leaseholders look to extend their Leases in the near future under the relevant legislation as there are currently less than 50 years remaining – one new tenant has made an approach already.
Not acting now simply risks delaying the inevitable requirement for the Council to intervene at a point in the future with higher cost to the public purse.