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 12 Church Mews, Wisbech, PE13 1HL
 
Decision Taken
The purchase of this property
in accordance with cabinet approvals at a purchase price of
£70,000
 

Reasons for the decision

I am
permitting that we buy this property for the purchase price of
£70,000 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