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 end of terrace house at 58a Peas Hill Rd,
March PE15 8HE.
 
Decision:
The purchase of this property
as part of the LAHF programme in accordance with cabinet approvals
at a purchase price of £177,500.
 

Reasons for the decision

I am permitting that we buy this property for
the purchase price of £177,500 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 £110,500:
 
·        
I have looked at the documentation supplied as part of the sale
including:
o  
Valuation Report.
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