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Acquisition of Market Housing on 146 Programme Development Sites

Meeting: 30/09/2014 - Housing Scrutiny Committee (Item 31)

31 Acquisition of Market Housing on 146 Programme Development Sites pdf icon PDF 47 KB

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Minutes:

The Committee noted that the Executive Councillor for Housing had approved the acquisition of 13 market housing on 146 Programme Development Sites, Atkins Close, Colville Road and Wadloes Road

 

This decision was required as the Council’s Acquisition and Disposals policy stipulates that such decisions will be made by urgent decision as this allows for Officers to gather the required information and costs to then present a paper, which will provide a decision before that information and those costs become out dated. The housing market could change significantly in a month therefore being able to agree a price at a certain point in time is paramount to agreeing to purchase properties. Agreeing to the price for these properties was vital to the agreement with Keepmoat and the ability to start the legal process to purchase these properties

 

The Executive Councillor

            i.    Approved the purchase of 4 market dwellings on the Atkins Close (garage re-development) site at an estimated cost of £1,106,400.

           ii.    Approved the purchase of 6 market dwellings on the Colville Road (re-development) site at an estimated cost of £1,051,350.

         iii.    Approved the purchase of 3 market dwellings on the Wadloes Road (vacant housing land) site at an estimated cost of £736,500.

        iv.    Gave delegated authority to the Director of Customer & Community Services to enter into a build contract with Keepmoat for the delivery of dwellings on the Wadloes Road site should this be deemed appropriate.

 

Conflicts of Interest Declared by the Executive Councillor (and any Dispensations Granted)

 

No conflicts of interest were declared by the Executive Councillor.