Purpose

To purchase homes in Crowland, from a
developer.

Decision

1)     
To approve the business case for the acquisition, by
Welland Homes Ltd, of three houses for the purposes of a market
rental investment

2)     
That the refreshed business plan and budget is
approved and included as an amendment in the SHDC Quarterly report
to members.

3)     
That delegated authority be granted to the Deputy
Chief Executive (Corporate Development) and S151, to (i) approve
the terms of any loan agreements required; (ii) approve the value
and the profile of any periodic cash flow payments to be made to
the Company, as required to support the Company in the acquisition
of the proposed investment properties.

4)     
To reaffirm the delegated authority, granted by
Council on 25th March 2015, to the S151 Officer, to
approve the final mix of use of reserves and borrowing in line with
the business plan and Council Treasury Management Strategy.