Decision details

To advise the Executive of an opportunity to acquire two sites from the Homes and Communities Agency (HCA) for the purpose of building some affordable homes (subject to planning).

The Council currently leases two properties in Coldeast Close from the HCA for use as temporary accommodation. The opportunity has arisen for the Council to acquire these two properties. The Council currently owns the two adjoining properties and by purchasing these two properties it would complete the site assembly and provide access to the rear garden land for development. The Council also has the opportunity to acquire a property in Bridge Road with a large rear garden. Both sites offer the opportunity for the Council to build some additional affordable homes (subject to planning) and demonstrate further progress towards meeting the Council’s corporate priority to enable 500 new affordable homes by 2017.

RESOLVED that the Executive agrees to:-

1.         delegate authority to the Director of Community, following consultation with the Executive Leader to:-

(a)       purchase Numbers 19 and 20  Coldeast Close and associated land from the Homes and Communities Agency;

(b)       purchase of 123 Bridge Road and grounds

(c)       arrange the onward sale of 123 Bridge Road without the benefit of the large rear garden.

2.         approve a gross budget of up to £800,000 for the purchase of the three properties including fees.