Local Authority Housing Fund (LAHF) Acquisitions
Committee is asked to approve the actions outlined in the confidential report.
Additional documents:
Decision:
The Committee resolved to:
1. Approve the acquisition of the 4 properties as outlined in the confidential report,
2. Agree that the net cost would be financed by the application of capital receipts,
3. Delegate authority to the Group Head of Corporate Governance to complete any necessary documentation in connection with the acquisition of the 4 properties,
4. Approve the subsequent transfer of the properties to Knowle Green Estates (KGE) at the purchase prices stated in the report, net of the Local Authority Housing Fund (subject to KGE Board approval); and
5. Delegate authority to the Group Head of Corporate Governance to complete any necessary documentation to complete the transfer of the properties set out in the report to KGE.
Minutes:
The Committee considered the proposed acquisition of 4 properties in the Borough that would provide 3 x 2 bedroom temporary accommodation and 1 x 4 bedroom house.
Councillor Nichols advised that he would abstain from the vote and wanted it noted in the minutes.
The Committee resolved to:
1. Approve the acquisition of the 4 properties as outlined in the confidential report,
2. Agree that the net cost would be financed by the application of capital receipts,
3. Delegate authority to the Group Head of Corporate Governance to complete any necessary documentation in connection with the acquisition of the 4 properties,
4. Approve the subsequent transfer of the properties to Knowle Green Estates (KGE) at the purchase prices stated in the report, net of the Local Authority Housing Fund (subject to KGE Board approval); and
5. Delegate authority to the Group Head of Corporate Governance to complete any necessary documentation to complete the transfer of the properties set out in the report to KGE.