Acquisition of land to deliver Scheme 2 of the Accommodation Repurposing Programme (“Hotels to Homes”)
Decision Maker: Director of Finance
Decision status: Recommendations approved
Is Key decision?: No
Is subject to call in?: No
Decision:
That the property
referred to as scheme 2, in Cabinet Minute 91/02/25 be
acquired.
Reasons for the decision:
To give effect to the
decision of the Cabinet held on 18 February 2025 and in doing so,
deliver a Scheme which would result in an increase in supply of
affordable housing with an additional benefit of preventing the
site entering a state of dereliction, as well as reducing the
likelihood of long-term anti-social behaviour.
Alternative options considered:
Implementation:
This decision will be
implemented immediately.
Information:
The Cabinet on the 18
February 2025, granted the Director Finance, in consultation with
the Director of Pride in Place and the Cabinet Member for Housing
and Finance, delegated authority to agree suitable terms to acquire
Scheme 2, for a price not exceeding the value set out in Exempt
Appendices 1 and 3 to the submitted Cabinet report (subject to the
satisfactory completion of all necessary due diligence).
In accordance with the
Cabinet’s decision, suitable terms and a price not exceeding
the value set out in Exempt Appendices 1 and 3 to the submitted
Cabinet have been agreed, therefore the property referred to as
Scheme 2 has been acquired.
Interests and Nature of Interests Declared:
Publication date: 02/04/2025
Date of decision: 18/03/2025
