The Director of City Development:
1. Grant Approval to Purchase the properties detailed in the
confidential Appendix A at market value as determined by Land &
Property to be returned to Council housing stock.
2. Authorise the required expenditure to enable the programme to
progress the property acquisition(s) detailed in Confidential
Appendix A, giving special consideration to proposed acquisitions
with a net cost greater than the defined purchase budget. These
acquisitions will be funded from the Council Housing Growth
Programme budget, via a combination of Housing Revenue Account
(HRA) borrowing and Right to Buy receipts.
3. Note that Executive Board granted Authority to Spend for the
programme on 24th July 2019.
4. Note that the Chief Officer Housing has approved these
acquisitions, confirming they are suitable to be added back into
council housing stock.