The Director of Resources and Housing:
a) Authorised the required expenditure to enable the programme to
exchange contracts on the subject site at Oldfield Lane, upon the
terms detailed in Confidential Appendix A.
These acquisitions to be funded from the Council Housing Growth
Programme budget, via a combination of either retained Right to Buy
receipts or Homes England Grant funding, blended with HRA
borrowing.
b) Noted that approval was granted on 20th December 2019 by the
Director of City Development for the acquisition for Housing &
Resources, in order to facilitate the delivery of new council
housing.