Content

Following cabinet approval on
15th November 2024 which authorised approval to purchase
10 x 1-bedroom properties utilising £1.2 million from
reserves.
 
This officer decision notice is
to record the decision to complete the purchase of a 1-bedroom flat
at 43 Hussars Court, March PE15 9TJ.
 
Decision Taken
The purchase of this property
in accordance with cabinet approvals at a purchase price of
£105,000.
 

Reasons for the decision

I am permitting that we buy
this property for the purchase price of £105,000 for the
following reasons:
 
·        
I have looked at the documentation supplied as part
of the sale including:
o  
Valuation Report.
o  
Solicitor’s Report,
o  
Form of contract and transfer
 
·        
I am satisfied that the purchase falls within the
remit of what cabinet approved including:
o  
It is within the financial thresholds of the
confidential appendix.
o  
The location of the property
o  
The view of Investment Board
 

Alternative options considered

N/A