Decision details

Housing Property Acquisition (less exempt appendix) (DD18)

Decision Maker: Cabinet Member for Housing & Asset Management Decision Day - DISCONTINUED

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

That the purchase of the specified property, detailed in Exempt Appendix 1 of report DD18, together with its financial appraisal, be approved.

Reasons for the decision:

For approval of a purchase of a property where the purchase price exceeds the key decision threshold of £250,000. The acquisition of this ex-RTB property will meet business needs and provide synergy in terms of the management of the Housing Revenue Account (HRA) estate. It meets the council’s financial criteria to ensure the acquisition represents a viable addition to the HRA stock.  The purchase can be funded directly from the provision for acquisitions in the new homes capital programme.

Alternative options considered:

Not purchasing the property would mean that other schemes would need to be brought forward to ensure Right to Buy receipts are committed within prescribed deadlines.  Failure to commit receipts within the deadline would result in the council having to pass receipts back to the Government.

Reason Key: Expenditure > £250,000;

Wards Affected: (All Wards);

Contact: Dick Johnson Email: djohnson@winchester.gov.uk.

Report author: Dick Johnson

Publication date: 12/10/2020

Date of decision: 12/10/2020

Decided at meeting: 12/10/2020 - Cabinet Member for Housing & Asset Management Decision Day - DISCONTINUED

Effective from: 20/10/2020

Accompanying Documents:

 

Housing Property Acquisition (less exempt appendix) (DD18){sidenav}{content}