Decision details

Acquisition of 14 Orbit Close, Finchampstead

Decision Maker: Deputy Chief Executive - Graham Ebers

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Decision:

To agree that the Council purchases 14 Orbit Close, Finchampstead and provides an equity share loan to assist the owners to purchase their replacement property.

Reasons for the decision:

To allow the regeneration of the Gorse Ride estate to proceed.

Alternative options considered:

No alternative option. The regeneration project is dependent on full site assembly, including buying back all privately-owned homes.

Wards Affected: Finchampstead South;

Dispensations: N/A

Other reasons / organisations consulted

N/A

Contact: Rhian Hayes Email: rhian.hayes@wokingham.gov.uk Tel: 0118 974 6090.

Publication date: 19/11/2019

Date of decision: 18/11/2019