Decision details

Utilising funding received from the Local Authority Housing Fund LAHF Round 2 - to approve the completion of a house purchase

Decision Maker: Section 151 Officer

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

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 3-bedroom detached house at Plot 131 Abbot Walk, Chatteris (Persimmons Homes development).

 

 

Decision

 

The purchase of this property as part of the LAHF programme in accordance with cabinet approvals at a purchase price of £250,000.

 

Reasons for the decision:

I am permitting that we buy this property for the purchase price of £250,000 with an estimated grant of £116,938 (LAHF R2) towards this purchase and related costs for the following reasons:

 

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

o   Valuation Report

o   Solicitor’s Report

o   Form of contract and transfer

o   IB submission

 

·         I am satisfied that the purchase falls within the remit of what Cabinet approved, including:

o   It is within the financial threshold of the confidential appendix.

o   The signed LAHF MOU with Government

o   The location of the property

o   The view of the Investment Board.

Alternative options considered:

Not applicable.

Publication date: 12/06/2024

Date of decision: 12/06/2024

Effective from: 20/06/2024