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The Executive resolved to:
 
(i)           
Consider this report and information within the Exempt Annexes
and
associated
appendices and recommend to full Council that it approves a
total budget of £7,520,000 to fund the acquisition of 26 new
affordable homes in accordance with the business cases set out in
Exempt Annexes 1 (a-c) of this report.
 
(ii)          
Subject to full Council approving the necessary budget:
 
a.   
Delegate authority to the Joint Strategic Director Economy,
Planning and Place the authority to negotiate and enter into all
contractual, pre-contractual and other documentation with
developers and other third parties as required for the acquisition
of the properties covered by this report, provided all such actions
are in accordance with the approved budget.
 
b.   
Delegate authority to the Assistant Director, Housing in
consultation with the Joint Strategic Director Finance to review
and change the tenure of the affordable shared ownership home at
Ridgely Road, Chiddingfold to affordable rented should the housing
market negatively impact the sale of the home (subject to any
process or other requirements of the s106 legal agreement,
provision of full financial information and appraisal, and provided
there is not a negative net revenue impact to the business plan for
the scheme).