Issue - meetings

Further to Minute 90 (19 February 2024), the Cabinet Member for Regeneration and Economic Development introduced a report on proposals to progress the disposal of a further 212 new homes built at the Woodward Road and 12 Thames Road redevelopment projects.

The Cabinet Member advised that, as with previous reports, the properties would be disposed of by way of long leases and associated loans to the Barking and Dagenham Reside Regeneration Ltd (Reside) or Barking and Dagenham Homes Ltd (BDHL) structure of companies following practical completion over the coming months. 

The Cabinet Member also referred to the intention to apply a service charge to all new London Affordable Rent (LAR) properties and to existing Reside LAR properties (as they came up for renewal), following the decisions by Cabinet to apply a service charge to LAR properties at the Beam Park and Gascoigne East Phase 3B developments (Minutes 34 and 35, 19 September 2023 refer).

Cabinet resolved to:

(i)  Approve, in principle, the disposal of the New Build schemes below by the granting of long leases to the to the appropriate Reside or BDHL entity identified in the report;

Woodward Road

-  Flat 1 - Flat 4, 1 Centenary Road, Dagenham, RM9 4DA

-  Flat 1 - Flat 4, 2 Centenary Road, Dagenham, RM9 4DA

-  1, 3 - 14, 16, 18, 20, 22, 24, 26 and 28 Centenary Road, Dagenham, RM9 4DA

-  Flat 1 - Flat 19, 22 Centenary Road, Dagenham, RM9 4DA

-  Flat 1 - Flat 11, 28 Centenary Road, Dagenham, RM9 4DA

12 Thames Road

-  Flat 1 - 87 Woolmore Court, Thames Road

-  Flat 1 - 35 Blackaby Court, Crossness Road

-  Flat 1 - 24, Fewell Court, Crossness Road

(ii)  Approve, in principle, the indicative draft Heads of Terms for leases and loans for the Woodward Road and 12 Thames Road developments to the appropriate Reside or BDHL entity, as set out in section 2 of the report;

(iii)  Delegate authority to the Strategic Director, Resources to agree and finalise the terms of the loans, leases and any other associated documents, and to take any steps necessary to ensure compliance with s123 of the Local Government Act 1972 and the Subsidy Control Act 2022 provided that such action does not materially affect the approvals granted by Cabinet;

(iv)  Delegate authority to the Head of Legal, in consultation with the Strategic Director, Resources, to execute all agreements, contracts and other documents on behalf of the Council in order to implement the arrangements; and

(v)  Approve the application of a service charge to all new London Affordable Rent (LAR) properties and to existing Reside LAR properties as they came up for renewal.