Content

Following cabinet
approvals on 20th February 2023 and 17th July
which authorised approval to purchase properties utilising LAHF
grant received.
 
This officer
decision notice is to record the decision to complete the purchase
of the 2-bedroom terrace house at 9 Harvester Close, March, PE15
8RB.
 
The purchase of
this property as part of the LAHF programme in accordance with
cabinet approvals at a purchase price of £195,000
 

Reasons for the decision

I am permitting
that we buy this property for the purchase price of £195,000
for the following reasons:
 

·        
Grant funding under LAHF 3 will contribute an anticipated 58%
towards total acquisition costs, the grant funding for this
property is estimated to be £121,000:
 

·        
I have looked at the documentation supplied as part of the sale
including:

o  
Valuation Report.

o  
Investment Board Approval

o  
Solicitor’s Report,

o  
Form of contract

o  
Form of 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 signed LAHF MOU with Government

o  
The location of the property

o  
The view of Investment Board.
 

Alternative options considered

N/A