Decision details

New Quarter acquisition in the Housing Revenue Account 3

Decision Maker: Deputy Chief Executive

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:

III.Agree to delegate authority to the Head of Housing, in consultation with the Head of Finance and IT and the Portfolio-holder for Housing, to ensure that the Council’s heads of terms and conditions for the purchase are met.

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: Sharon Williams, Assistant Director - Housing Email: sharon.williams@ashford.gov.uk Email: sharon.williams@ashford.gov.uk Tel: 01233 330803.

Publication date: 02/10/2020

Date of decision: 25/06/2020