Decision details

New Quarter acquisition in the Housing Revenue Account 2

Decision Maker: Solicitor to the Council and Monitoring Officer

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

Report set out the reasoning and arguments for acquiring the 109 units of accommodation being built by Dukelease at the New Quarter. Councillors were asked to endorse the acquisition and there were some delegated decisions for officers to complete due diligence

Decision:

IV.Agree to delegate responsibility to finalise and agree contracts and associated paperwork to the Director of Law and Governance, Head of Housing and Head of Finance and IT.

Alternative options considered:

Option 1 - to purchase the units
Option 2 - not to acquire the units (at the risk of not being able to house keyworkers and creating housing pathways for those in temporary accommodation).

Reason Key: Expenditure > £500,000;

Contact: Terry Mortimer, Solicitor to the Council and Monitoring Officer Email: terry.mortimer@ashford.gov.uk Email: terry.mortimer@ashford.gov.uk Tel: 01233 330210.

Publication date: 02/10/2020

Date of decision: 25/06/2020