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Decision details

Purchase of new housing development in Hounslow

Decision Maker: Cabinet Member for Housing, Regeneration, Business and Economic Development

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

Bulk purchase of a number of new-build flats in Hounslow and approval for the temporary increase in the monetary limit of Executive Director delegated authority for the disposal and purchase of housing assets.

Decision:

1.         That this report be exempt from disclosure by virtue of the Local Government Act 1972, Schedule 12A, Part 1, paragraph 3, in that it contains information relating to the financial or business affairs of any particular person (including the authority holding that information).

 

2.         That the Cabinet Member for Housing, Regeneration, Business and Economic Development approved the acquisition of 24 new-build units in Hounslow from Galliard Homes, up to an agreed purchase price not exceeding the amount as set out in the report.

 

3.         That the Cabinet Member for Housing, Regeneration, Business and Economic Development approved the budget not exceeding the amount as set out in the report for the acquisition of 24 new-build units in Hounslow from Galliard Homes.

 

4.         That the Director of Housing and Regeneration, in conjunction with the Director of Law, be authorised to agree the contract terms and to conclude the contract.

 

Reasons for Decision

 

Approval of the recommendations will enable the City Council to acquire 24 new homes, contributing to the strategic aim of increasing the supply of affordable housing available to residents of Westminster.

Publication date: 05/12/2016

Date of decision: 05/12/2016