Decision Maker: Housing Portfolio Holder
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
To decide whether to accept the transfer of the Plot to the Council as an affordable Housing Dwelling and also whether to acquire a shareholding in Kidby’s Management Company Ltd.
(a) To accept the transfer of Plot 21, 4 Kidby Way, Weeley Heath, CO16 9FG to the Council as an Affordable Housing Dwelling for the price of One Pound (£1); and
(b) To acquire a shareholding in Kidby’s Management Company Ltd (Company No. 10761082) with the official representative of the Council to be nominated by the Chief Executive.
If the Council did not accept the property the Affordable Housing contribution agreed as part of the Section 106 Agreement and planning permission would not be met.
In addition, this three-bedroomed property will form part of the Council’s Housing Stock.
Not to accept the property and/or to acquire a shareholding in the management company – this would have resulted in affordable housing being lost.
Publication date: 30/08/2019
Date of decision: 30/08/2019
Effective from: 07/09/2019