Issue - meetings

This report updates members on the proposed acquisition of residential property which, if acquired, will assist Fenland District Council both in terms of supporting objectives from a housing duties and commercial investment perspective.

(Schedules 3 and 4 to this report comprise exempt information – to exclude the public (including the press) from a meeting of a committee it is necessary for the following proposition to be moved and adopted: “that the public be excluded from the meeting for Items which would involve the likely disclosure of exempt information as defined in the paragraphs 3 of Part 1 of Schedule 12A of the Local Government Act 1972 (as amended) as indicated.”

Members considered the Purchase of a Property Portfolio in Fenland report presented by Councillor Boden.

Proposed by Councillor Boden, seconded by Councillor Hoy and AGREED to review the report, particularly the financial and legal implications as set out in confidential schedules 3 and 4 and:

a)    Authorise officers to purchase through the Council’s Section 151 Officer the portfolio of property available at Meadowcourt, Elm in consultation with the Portfolio Holders for Finance and Housing and following satisfactory due diligence procedures.

b)   Authorise officers to proceed with a planning application for the conversion of the main house to provide additional accommodation as detailed with costs to be approved in advance in consultation with the S151 Officer and Portfolio Holder for Finance.