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 45 Hussars Court, March PE15
9TJ.
 

Reasons for the decision

I am permitting that we buy
this property for the purchase price of £100,000 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