Decision details

Utilising Funding received from the Local Authority Housing Fund LAHF Round 2 - to approve the completion of a house purchase

Decision Maker: Assistant Director

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

Following cabinet approvals on the 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 2 house purchases at Abbot Walk development (Persimmon Homes) Chatteris.

 

Decision

The purchase of 2 properties as part of the LAHF  programme in accordance with cabinet approvals at a total purchase price of £510,000

 

Reasons for the decision:

I am permitting that we buy the properties at:

 

Abbot Walk development (Persimmon Homes) Chatteris:

 

  • Plot 32 for the purchase price of £255,000
  • Plot 45 for the purchase price of £255,000

 

 with an estimated grant of £238,152 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

 

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. The signed LAHF MOU with Government

o   The location of the property

o   The view of Investment Board

 

Alternative options considered:

Not applicable.

Publication date: 07/11/2023

Date of decision: 07/11/2023

Effective from: 15/11/2023