Decision details

Executive considered a report of the Portfolio Holder – Housing regarding the opportunity to purchase 9 properties for rent within the Housing Revenue Account from Avant at Skinner Street, Creswell.  

Moved by Councillor Sandra Peake and seconded by Councillor Mary Dooley

RESOLVED – that

1)   Executive approve the purchase of the 9 properties from Avant off Skinner Street – Creswell for the agreed price in paragraph 1.4 of the report subject to SDLT and 10% contingency to include fees.

2)    the Director of Development be given delegated powers to enter into contract with Avant for the purchase of the properties.  This includes the timescale for delivery and to agree the final purchase price and costs.

REASON FOR DECISION:

This proposal offered value for money, met local housing need and increased the Council’s housing stock.

OTHER OPTIONS CONSIDERED:

The option not to purchase the properties was rejected as the properties would fulfil a housing need in the area. This housing mix best supported that identified housing need.