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Matter for Decision
To consider the open market disposal of 3
properties; 13 Shelley Row, 20 Beche Road and 2
Grafton Street.
Decision of the
Executive Councillor for Housing:
i.
Approved the open market disposal of 3
properties in their current condition (as set out in paragraph 2.1 Option 2) with
a view to utilising the resulting capital receipt, along with right to buy
receipts to finance new build properties to let as part of the Cambridge Social
Rent Programme. The capital receipt may
be used to provide the top up funding required for schemes with existing
approval, or could be used to fund new schemes as they are brought
forward.
Scrutiny
Considerations
The Committee received a report from the Director of
Customer and Community Services. The report detailed a summary of the options
and considerations for either the improvement or open market disposal of three
void properties in accordance with the criteria laid out in the HRA Asset
Acquisition & Disposal Policy where due to the current condition of the
properties a significant investment was required if the property was to be
re-let.
The Committee made the following comments:
i.
These opportunities rarely came forward but a
degree of pragmatism was required and acknowledged better quality properties
could be delivered.
ii.
It was regrettable to lose these properties
because of the areas in which they were located; the retention of these
properties would ensure that Cambridge had diverse communities.
iii. Requested
that overage provisions were considered as part of the sale of the properties
so that the Council could share in any uplift in the value of the properties
following the sale.
The Committee:
Resolved (6 votes to 1 vote) to approve
the open market disposal of the 3 void properties.
The Executive Councillor for Housing approved the open
market sale of the 3 void properties.
Conflicts of Interest
Declared by the Executive Councillor (and any Dispensations Granted).
No conflicts were declared by the Executive Councillor.