Purpose

Proposal to purchase homes in Surfleet, from a
developer

Decision

1.     
To approve the business case and approve the
acquisition of 12 affordable homes within Surfleet, for the HRA.

 

2.     
To delegate to the Assistant Director of Strategic
Growth & Development to agree the contractual matters
(including the terms and conditions which may represent a minor
variation to the scheme approved in the business case) such as
signing the contract/transfer document and other incidental actions
that may be required, and approving the associated due diligence
and valuation required to purchase the properties.
 
3.     
To
delegate authority to Assistant Director of Strategic Growth &
Development to agree the value of shared
ownership properties at initial sale, resale, and acquisition of
additional shares, for this site and shared ownership properties on
other sites.
 

4.     
To reprofile the approved HRA capital programme to
show this scheme as a named project and amend the budget line for
‘schemes subject to detailed approval’
accordingly.