Decision details

Following cabinet approvals on 20^th February 2023 and 17^th July which authorised approval to purchase properties utilising LAHF grant received.

This officer decision notice is to record the decision to complete the purchase of the 2-bedroom end of terrace house at 58a Peas Hill Rd, March PE15 8HE.

Decision:

The purchase of this property as part of the LAHF programme in accordance with cabinet approvals at a purchase price of £177,500.

I am permitting that we buy this property for the purchase price of £177,500 for the following reasons:

·         Grant funding under LAHF 3 will contribute an anticipated 58% towards total acquisition costs, the grant funding for this property is estimated to be £110,500:

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

o   Valuation Report.

o   Solicitor’s Report,

o   Form of contract

o   Form of 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 signed LAHF MOU with Government

o   The location of the property

o   The view of Investment Board

N/A