Decision details
Utilising funding received from the Local Authority Housing Fund LAHF Round 2 - to approve the completion of a house purchase.
PDF 159 KBDecision Maker: Section 151 Officer
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Decision:
Decision to be taken:
Following cabinet approvals on 20th February 2023 and 17th July which authorised approval to purchase properties utilising LAHF grant received.
This officer decision notice is to record the decision to complete 4 house purchases at Hartley Grange development (Persimmon Homes) Whittlesey and 2 house purchases at Abbot Walk development (Persimmon Homes) Chatteris.
Decision:
The purchase of 6 properties as part of the LAHF programme in accordance with cabinet approvals at a total purchase price of £1,340,000
Reasons for the decision:
I am permitting that we buy the properties at:
Hartley Grange development (Persimmon Homes) Whittlesey:
- Plot 192 for the purchase price of £235,000
- Plot 149 for the purchase price of £235,000
- Plot 94 for the purchase price of £245,000
- Plot 183 for the purchase price of £205,000
Abbot Walk development (Persimmon Homes) Chatteris:
- Plot 17 for the purchase price of £210,000
- Plot 18 for the purchase price of £210,000
with an estimated grant of £636,176 towards these purchases and related costs for the following reasons:
· I have looked at the documentation supplied as part of the sale including:
o Memorandum of Sale,
o Valuation Report.
o Solicitor’s Report and contract to be confirmed satisfactory prior to exchange of contracts
· I am satisfied that the purchase falls within the remit of what cabinet approved including:
o It is within the financial thresholds of the confidential appendix.
o The signed LAHF MOU with Government
o The location of the property
o The view of Investment Board
Alternative options considered:
N/A
Publication date: 13/10/2023
Date of decision: 13/10/2023
Effective from: 24/10/2023