Purpose

To update members on the
proposed acquisition of residential property known as Meadowcourt
and located in Elm, near Wisbech. This property, if acquired, will
assist Fenland District Council both in terms of supporting
objectives from a housing duties and commercial investment
perspective.

Content

AGREED to review the report,
particularly the financial and legal implications as set out in
confidential schedules 3 and 4 and:
 
a)   
Authorise officers to purchase through the
Council’s Section 151 Officer the portfolio of property
available at Meadowcourt, Elm in consultation with the Portfolio
Holders for Finance and Housing and following satisfactory due
diligence procedures.
b)   
Authorise officers to proceed with a planning
application for the conversion of the main house to provide
additional accommodation as detailed with costs to be approved in
advance in consultation with the S151 Officer and Portfolio Holder
for Finance.