Issue - meetings

Housing Revenue Account Disposals and Acquisitions Update

Meeting: 19/07/2022 - Cabinet (Item 25)

Housing Revenue Account Disposals and Acquisitions Update

Report of the Strategic Director of Housing and Customer Services

Presented by the Housing, Property and Customer Services Portfolio Holder

Minutes:

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

 

It was moved by Councillor R Bayliss, seconded by Councillor R Blunt and

 

RESOLVED THAT:

 

1.    The acquisition of the property detailed in the report, as approved by the Chief Executive and Leader of the Council under the urgency power provisions of the HRA acquisitions policy at a cost as detailed in the report plus costs, be noted.

 

2.    The acquisition of the property detailed in the report, as approved by the Strategic Director of Housing and Customer Services and the Housing, Property & Customer Services Portfolio Holder under the urgency power provision of the HRA acquisitions policy for at a cost as detailed in the report plus costs, be noted.

 

3.    The disposal of four properties detailed in section 5 of the report, subject to updated valuations and NPV calculations being approved by the Strategic Director of Housing and Customer services and the Housing, Property & Customer Services Portfolio Holder in consultation with the Section 151 Officer, be approved.

 

Reason for decision: To ensure all governance requirements relating to the implementation of the HRA Asset Management Plan, active asset management approach, and the new affordable housing supply strategy are satisfied in relation to the acquisitions and disposals referred to in the body of this report.