1. That approval be given to the
Full Business Case at Appendix 1, including the affordability
statement set out in paragraph 3.1 of this report.
2. That authority be delegated to
the Cabinet Member for Community Care, in conjunction with the
Tri-Borough Executive Director of Adult Social Care, to take all
actions to reach financial close, including (but not limited
to):
- Entering into the
underlease to be granted by the PCT, at
the value in the affordability statement, adjusted by any factors
that may impact as at financial close, provided the lease remains
affordable to the Council and still represents value for
money.
- Entering into an
overage deed (together with ancillary documents relating to the
land exchange) and agreeing the level of payment, if
any.
- Entering into an
extension of an option agreement for the release of the restrictive
covenants with the Church Commissioners, and any document(s)
formalising that express release.
3.
That the Community Services
Department be permitted to carry forward £269k of its 2011/12
revenue underspend to meet the capital
equipping costs of the scheme be approved.