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 34 Heron Way, Benwick, March PE15 0UA at a purchase price of
£90,000.
 

Reasons for the decision

I am permitting that we buy
this property for the purchase price of £90,000 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 threshold of the
confidential appendix
o  
The location of the property
o  
The view of the Investment Board

 

Alternative options considered

N/A