Content

The Chief Officer Asset Management and
Regeneration has:

Granted approval to purchase the property, detailed in the
Confidential Appendix A, at market value, as determined by Land
& Property, and authorise return to Council housing
stock.

Authorised the required expenditure to enable the programme to
progress the property acquisition detailed in Confidential Appendix
A. This property acquisition will be funded from the Council
Housing Growth Programme budget, via a combination of Housing
Revenue Account (HRA) borrowing and Right to Buy receipts.

Noted that Executive Board granted Authority to Spend for the
programme on 24th July 2019.

Noted that the specific circumstances of this acquisition are such
that the buy back and direct re-let of the property has been
determined as the best use of council stock and financial resources
by the Chief Officer (Housing). Details of the letting decision are
contained in Confidential Appendix A.

Written approval to bring the property back into council housing
stock was provided by the Chief Officer (Housing) of Communities,
Housing & Environment on 8th June 2023.