Issue - meetings

Cabinet Members' Items - Joint Report of the Corporate Finance & Governance Portfolio Holder and the Housing Portfolio Holder - B.1 - Terms for the Freehold Purchase of two Bungalows in Clacton-on-Sea

 

 

Meeting: 19/02/2021 - Cabinet (Item 143)

143 Cabinet Members' Items - Joint Report of the Corporate Finance & Governance Portfolio Holder and the Housing Portfolio Holder - B.1 - Terms for the Freehold Purchase of two Bungalows in Clacton-on-Sea

To approve revised terms for the freehold purchase of two two-bedroomed residential properties in Clacton-on-Sea from a developer.

Additional documents:

Decision:

RESOLVED that Cabinet –

 

(a)    approves acceptance of the transfer of the two bungalows to the Council as Affordable Housing Dwellings at the agreed purchase;

 

(b)    approves the use of one-for-one capital receipts and Section 106 affordable housing contributions to meet the total purchase price; and

 

(c)    authorises the Corporate Director (Operations and Delivery) to enter into a contract and transfer deed to complete the purchase of the properties on the agreed terms and subject to such other terms that he considers necessary.

 

Minutes:

It was moved by Councillor Stock OBE, seconded by Councillor G V Guglielmi and:-

 

RESOLVED that Cabinet –

 

(a)    approves acceptance of the transfer of the two bungalows to the Council as Affordable Housing Dwellings at the agreed purchase;

 

(b)    approves the use of one-for-one capital receipts and Section 106 affordable housing contributions to meet the total purchase price; and

 

(c)    authorises the Corporate Director (Operations and Delivery) to enter into a contract and transfer deed to complete the purchase of the properties on the agreed terms and subject to such other terms that he considers necessary.