Issue - decisions

Matter for Decision

1 Ferry House, Midsummer Common is a high-value HRA asset that became void on 22/08/2016.  An appraisal of the options for the property has been completed, and the report provided the background and reasons for the final recommendation.

Decision of Executive Councillor for Housing

     i.        Agreed that the HRA sells 1 (The) Ferry House, a 2-bedroom detached house on Midsummer Common in Market ward on the open market. The resulting receipt will be set-aside for re-investment in future new build housing or alternatively as a contribution towards the impending government levy.

    ii.        Noted that the only HRA capital costs associated with option (a) will be the administrative costs of the open market disposal, as detailed in the attached appendix. These will be funded from the resulting capital receipt.

Reason for the Decision

As set out in the Officer’s report.

Any Alternative Options Considered and Rejected

Not applicable.

Scrutiny Considerations

The Committee received a report from the Housing Business Manager / Principal Accountant.

The Committee resolved by 6 votes to 2 to endorse recommendations (a) and (b) as detailed in the confidential appendix to the report.

The Chair invited the press and public to return to the Committee Room

The Committee resolved by 6 votes to 2 to endorse the redacted recommendations as detailed in the report available to the public.

The Executive Councillor approved the recommendations.