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: