Decision details

Utilise funding set aside from Council reserves - to approve the purchase of a one bedroom flat at 29 Hussars Court, March PE15 9TJ.

Decision Maker: Section 151 Officer

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

Following cabinet approval on 15th November 2024 which authorised approval to purchase 10 x 1-bedroom properties utilising £1.2 million from reserves.

 

This officer decision notice is to record the decision to complete the purchase of a 1-bedroom flat at 29 Hussars Court, March PE15 9TJ.

 

Reasons for the decision:

I am permitting that we buy this property for the purchase price of £95,000 for the following reasons:

 

·         I have looked at the documentation supplied as part of the sale including:

o   Valuation Report.

o   Solicitor’s Report,

o   Form of contract and transfer

 

·         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 location of the property

o   The view of Investment Board.

 

Alternative options considered:

N/A

Publication date: 22/08/2025

Date of decision: 22/08/2025

Effective from: 02/09/2025