Decision details
Purchase of Section 106 Properties from Avant off Skinner Street – Creswell
Decision Maker: Executive
Decision status: Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To agree to the purchase of 9 properties from
Avant as part of their S106 obligation.
Decisions:
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.
Reason Key: Capital Income or Expenditure of £150,000 or more;
Contact: Karl Apps, Joint Housing Strategy and Growth Manager Email: Karl.Apps@ne-derbyshire.gov.uk.
Report author: Karl Apps
Publication date: 30/09/2020
Date of decision: 28/09/2020
Decided at meeting: 28/09/2020 - Executive
Effective from: 08/10/2020