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DECISION TAKEN:
Cabinet approved the appropriation of land
from the General Fund to the HRA at a value of £215k.
 
REASON FOR DECISION:
The redevelopment of Minister House was
delivered as part of the Council's Affordable Housing Programme and
had provided much needed high-quality homes in Hatfield. As part of
this project, a new substation was required to be built to serve
the development. The land on which the substation had been built
forms part of the Council's General Fund, as that land is no longer
required for its previous purpose, and will remain the site of the
new substation, the land is required to be appropriated from the
General Fund to the council's housing revenue accounts.
 
The market value for this transfer has been
agreed and approved by the Section 1 5 1 Officer, and this decision
will ensure that lead is the land is held in the appropriate
accounts.