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**** ROD Acquisition of Property

a)             To approve the acquisition of the Property within the Housing Revenue Account, initially for intended use as sheltered housing.

b)             To delegate to the Strategic Director the ability to carry out the final acquisition negotiations and conclude the purchase.

c)             To delegate to the Head of Housing the ability to review usage in response to strategic and emerging needs to determine any change of use following consultation with the Executive Councillor for Housing, the Opposition Spokesperson and Ward Councillors, obtaining any required planning approvals.

Decision type: Key

Reason Key: Expenditure > £300,000;

Decision status: Recommendations Approved

Notice of proposed decision first published: 16/12/2022

Decision due: 24 Jan 2023 by Executive Councillor for Housing

Contact: Julia Hovells, Head of Finance and Business Manager Email: Julia.hovells@cambridge.gov.uk.

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