To seek approval under the Officer Executive Decision delegations for the transfer by sale of two properties (16 Sparsey Place and 51 Weirs Lane) from Oxford City Council to Oxford City Housing (Investment) Limited (OCH(I)L). As part of Oxford City Council’s CEB decision on 17 March 2016 l to establish Oxford City Housing (Investment) Limited it was also agreed that the Council would sell up to five void properties from the Housing Revenue Account to Oxford City Housing (Investment) Limited (Registered No. 10370637) each financial year. This was in response to Government policy announcements intending to raise a levy from the sale of high value assets to fund the RTB for Housing associations. The cap of 5 is a Government requirement.

To authorise the transfer by sale of 16 Sparsey Place and 51 Weirs Lane to Oxford City Housing (Investment) Limited for a consideration of £305,000 in total.

Option 1 - To sell the properties to OCH(I)L
Option 2 - Not to sell the properties to OCH(I)L