Decision details

Decision to be taken:

Following cabinet approval on the 20^th February 2023 which authorised:

Approve receipt of the LA Housing Fund grant in the sum of £873,932 for the purposes described.

·         Authorise entry into the prescribed Memorandum of Understanding with DLHUC for receiving the grant as set out in Appendix A; and

·         Fund the residual element for the 9 properties to be purchased, delegated to the Section 151 officer to determine in consultation with Investment Board Members. Range of funding needed has been identified in the confidential Appendix B

·         Purchase properties outside PE13 and PE14 post code areas.

This officer decision notice is to record the decision to complete 1 house purchase – 3 Daisy Avenue, March, Cambs

Decision:

The purchase of 1 of the 9 properties as part of the LAHF programme in accordance with cabinet CAB68/22 at a purchase price of £205,000

I am permitting we buy the property for the purchase price of £205,000 (with grant of £88,000 towards the purchase 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   Solicitor’s Report,

o   Contract and Transfer and

o   Valuation and Survey Report.

·         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

Not applicable.