Decision details

Following Cabinet approval on 15 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 9 Church Mews, Wisbech.

The purchase of this property in accordance with Cabinet approvals at a purchase price of £80,000.

Having looked at the documentation supplied as part of the sale including:

·       Valuation report

·       Solicitor’s report

·       Form of contract and transfer.

Being satisfied that the purchase falls within the remit of what Cabinet approved including:

·       It is within the financial thresholds of the confidential appendix

·       The location of the property

·       The view of the Investment Board.

Not Applicable.

Background Documents

Cabinet Report 15^th November 2024:

https://www.fenland.gov.uk/localgov/documents/s16182/Report.pdf

Legal, Procurement and Financial Implications

As set out in the Cabinet report.