Decision details

Acquiring 22 Southgate Way and 3 Smith Crescent at Auction

Decision Maker: Assistant Director - Housing

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

Copeland Auctioneers are holding an auction that includes the sale of two former Council properties on 3rd April 2019. The former Council properties are both 3 bedroom houses 22 Southgate Way, Barrow Hill and 3 Smith Crescent, Spital. The properties have been valued and the works required costed to guide a maximum bid at auction.
The properties will be purchased under the Housing Strategic Acquisitions Policy.
Within the Capital Programme the Housing Strategic Acquisition Policy has a budget of £450K for 2019/20. The funding to purchase the properties will come from this budget.
As the properties are being sold at auction there is the potential that the Council will be outbid.

Decision:

Option 1 - Purchase the properties at auction

Alternative options considered:

Option 1 - Purchase the properties at auction
Option 2 - Not to purchase the properties and seek alternative properties to purchase under the policy.

Reason Key: Decision to dispose or acquire any interest in land or buildings with a value of £50,000 or more;

Contact: James Crouch 345150 Email: james.crouch@chesterfield.gov.uk Email: james.crouch@chesterfield.gov.uk Tel: 01246 345150.

Publication date: 02/04/2019

Date of decision: 02/04/2019