Decision details
Purchase of a One-Bedroom Flat at 10 Hussars Court, March
PDF 91 KBDecision Maker: Section 151 Officer
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Following Cabinet approval on 15 November 2024
which authorised approval to purchase 10 x 1-bedroom properties
utilising £1.2 million from reserves.
Decision:
To purchase 10 Hussars Court, March in accordance with Cabinet approvals at a purchase price of £100,000.
Reasons for the decision:
That this property be purchased at the price of £100,000 for the following reasons:
· Looking at the documentation supplied as part of the sale including:
o Valuation Report.
o Solicitor’s Report,
o Form of contract and transfer
· Being 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 location of the property
o The view of Investment Board.
Alternative options considered:
Not applicable.
Background/Reports/Information:
Cabinet Report 15th November 2024:
https://www.fenland.gov.uk/localgov/documents/s16182/Report.pdf
Publication date: 02/07/2025
Date of decision: 02/07/2025
Effective from: 10/07/2025