Purpose

This report presents an update on potential
acquisitions, including an overview of the investment required and
supporting business case.

Content

1)            
Cabinet agrees to the Council making a formal
offer to purchase 21 homes at Vaughan Williams Way and Nicholson
Place, Rottingdean for a sum to be negotiated up to the maximum set
out in the Part 2 paper and agrees the budget required as outlined
in the Part 2 paper to support this purchase.

 

2)            
Cabinet delegates authority to the Acting
Corporate Director – Housing, Care and Wellbeing (Housing
Lead) in consultation with the Cabinet Member for Housing & New
Homes to take the steps necessary to agree and complete: (a) the
purchase of 6 houses 15 flats on the terms set out in the Part 2
paper and (b) any other relevant ancillary legal and financial
documents necessary to deliver the project and to give effect to
recommendations 2.1 and 2.2.