Issue - meetings
Purchase of New Build Properties under The Councils Acquisitions Policy
Meeting: 05/04/2018 - Cabinet (Item 132)
132 Purchase of New Build Properties under the Councils Acquisitions Policy 
PDF 231 KB
(Report of the Portfolio Holder for Housing Services & Portfolio Holder for Regeneration)
Minutes:
Report of the Portfolio Holder for Housing Services, Portfolio Holder for Regeneration to update Cabinet on the progress of new affordable housing delivery in Tamworth and to ensure appropriate financial arrangements are in place to enable the purchase of 6 units of new build housing from (Adam) Cooper Homes Limited for use as Council owned and managed accommodation. Also, to agree to additional resources being made available to enable the purchase of a further 8 units of new build housing from Waterloo Housing Group as agreed at Cabinet in November 2017.
|
RESOLVED: |
That Cabinet
|
|
1. |
Authorised £746,500 (inclusive of legal costs) be transferred from available budget intended for regeneration and new build activity to the acquisitions budget. This is to enable the purchase of 6 residential units for housing from (Adam) Cooper Homes Limited in line with the Council’s Acquisitions Policy;
|
|
2. |
Agreed the Chief Operating Officer and Solicitor to the Council be delegated authority to enter into a contract with (Adam) Cooper Homes Limited for the purchase of the 6 No dwellings as proposed above and;
|
|
3. |
Authorised a further £201, 056.89 be made available to secure the purchase of 8 units of new build housing from Waterloo Housing Group. The additional costs were identified by Waterloo in January 2018 resulting in a revised total purchase price of 961,056.89 (inclusive of legal costs). It is recommended that a further £201,060 be transferred from the available budget intended for regeneration and new build activity to the acquisitions budget.
|
|
|
(Moved by Councillor S Claymore and seconded by Councillor M Thurgood) |
