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Decision details
Purchase of affordable rent and shared ownership units - Northicote development (WV Living)
Decision Maker: Cabinet
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Approval to enter into a contract agreement
with WV Living to purchase affordable units on Northicote
development site
Decision:
1. That the purchase of 29 homes for affordable rent and 16 homes for shared ownership units from WV Living on the Northicote housing development site through a standard form of development agreement at the agreed purchase as detailed in exempt Appendix 1 to the report be approved.
2. That approval be granted to enter into contract using a standard form of development agreement between the Council and WV Living including staged payments as detailed in exempt Appendix 2 to the report.
3. That Chief Operating Officer or other authorised officers be authorised to execute the contract agreement, transfers, associated wayleave agreements, deed of easements, deeds of grant, collateral warranties together with any ancillary agreements.
Report author: Karen Beasley
Publication date: 20/01/2022
Date of decision: 19/01/2022
Decided at meeting: 19/01/2022 - Cabinet
Effective from: 25/01/2022
Accompanying Documents:
- Purchase of Affordable Units - Northicote Development (WV Living) PDF 149 KB
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- Restricted enclosure View reasons restricted