Issue - meetings

Acquisition of Property (20 Billing Avenue)

Meeting: 18/02/2016 - Executive (Item 115)

115 Acquisition of Property (20 Billing Avenue) pdf icon PDF 165 KB

Additional documents:

Decision:

 

That the retrospective acquisition of 20 Billing Avenue as set out in this report; to be funded from retained Right to Buy receipts and the Housing Revenue Account be agreed.

 

Minutes:

The Executive considered a report relating to the acquisition of a property at 20 Billing Avenue which would provide additional affordable housing in the Borough.

 

As with the previous agenda item Councillor Kaiser explained that the property had been funded from the Housing Revenue Account and Right to Buy receipts which would also have had to be repaid if they had not been spent in line with the contract signed in 2012 with the Department of Communities and Local Government.

 

RECOMMENDATION:  That the retrospective acquisition of 20 Billing Avenue as set out in this report; to be funded from retained Right to Buy receipts and the Housing Revenue Account be agreed.