Issue details

Purchase of 33 Farm Close under Strategic Acquisitions Policy

The Council has been offered the property 33 Farm Close under the Right-of-First Refusal. The property is a two bedroom house.
After the offer was made the Council surveyed the property and had it valued. An offer of £89,000 was made and subsequently accepted by the Vendor.
The purchase is being paid for through the acquisitions budget in the Housing Capital Programme. The budget for 2019.20 is £450,000. This will be the first expenditure under that budget.

Decision type: Key

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

Decision status: Recommendations Approved

Notice of proposed decision first published: 09/09/2019

Decision due: 9 Sep 2019 by Assistant Director - Housing

Contact: James Crouch 01246 345150 Email: Tel: 01246 345150.