Having considered the comments of the Landlord Services Advisory Board (Executive Working Group), the Executive Co-Portfolio Holder for Housing, Cllr Paul Rivers,
RESOLVED to,
1. approved the principle of the buy back on the terms set out in the report, and the use of the Buy Back reserve for this , together with any related professional costs and Stamp Duty Land Tax, and further approves the property being appropriated for Housing Purposes as part of the Housing Revenue Account.
2. delegates authority to the Executive Head of Housing Services to approve the final terms of the purchase.
3. delegates authority to the Executive Head of Legal and Democratic Services to approve the final form of wording of any legal agreements related to the purchase.
Reason: to support the Council’s ability to meet housing needs in the borough.
Overview & Scrutiny Committee - Resources