Decision details

1.       That the allocation and expenditure of the New Build Unallocated Capital Budget be approved as set out in the confidential appendix to report CAB3485 to purchase land and 146 new affordable properties at Kings Barton, Winchester.

2.       That the Corporate Head of Asset Management be authorised in consultation with the Section 151 Officer to:

a)    negotiate and agree the terms and conditions of the transaction and enter into a land agreement and a build agreement to acquire land and the 146 homes to then be built on that land from Cala Management Ltd for the purchase price as set out in the confidential appendix.

b)    enter into any planning and/or legal agreements required to purchase the land and 146 homes.