Issue - meetings

Report of the Strategic Director of Housing and Customer Services

Presented by the Housing, Property and Customer Services Portfolio Holder

The Housing, Property and Customer Services Portfolio Holder presented the report to Members.

He advised Members that under exceptional circumstances allowed for in the HRA Disposals Policy the Leader and Chief Executive had agreed to sell the property at 26 The Pinfold, Newton Burgoland. This property required a significant amount of work and the capital sum realised from its sale would be invested in the Council’s new build and acquisitions programme. He advised that two houses in Ashby were shortly to be purchased for a combined price that was less than sale price of this one property. The report before them requested Cabinet to confirm that they were in agreement with the offer that had been accepted.

It was moved by Councillor R D Bayliss, seconded by Councillor N J Rushton and

RESOLVED THAT:

The decision of the Chief Executive and the Leader of the Council to accept an offer of £210,000 for the freehold sale of 26 The Pinfold, Newtown Burgoland be confrimed

Reason for decision:- The decision to dispose of the property was made by Cabinet on 9 April 2019, in accordance with the HRA Disposal Policy (approved by Cabinet on 3 March 2015) to generate a capital receipt to meet the needs of the HRA Business Plan and associated budget for 2019/20.