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.