That the Portfolio Holder for Housing notes the contents of the report and approves:
(i) Acceptance of the transfer of Plots 3, 39 and 44 also known as 10, 36 and 30 Bramwood Road, Clacton-on-Sea, Essex CO16 9FW;
(ii) Acquiring a shareholding in Bramwood Management Company Limited (Company No. 11811784) with the official representative of the Council to be nominated by the Chief Executive.
The Council will take the transfer of the dwellings without the New Build Mark Warranties and will insure the dwellings under its insurance policy in the same way it insures its housing stock. If any structural remedial works are required to be carried out in the first two years of the completed build work the Council has a remedy under the Defective Premises Act 1972 to ask the developer to carry out the remedial works at its own cost. Alternatively, the Council has the option to carry out the works at its own costs using the HRA repairs and maintenance budget.