Use of Receipts from the Sale of 156 Walton Street (HRA assets)
Decision Maker: Assistant Chief Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
CEB on 13 February 2018 considered a report on
the “use of Receipts from the Sale of 156 Walton Street (HRA
assets)” and delegated the following decision to the Head of
"Negotiate and agree such transactions, including any works required to any acquisitions, to maximise the benefit of the receipt."
As at 31 January, three properties have been purchased in accordance with the delegation and one yet to be purchased.
Due diligence was followed as part of the Standard Operating Procedure for such purchases in relation to both values and land searches and related legal matters.
Three properties purchased.
Alternative options considered:
-None beyond the need to ensure compliance
with the requirements of the delegation
Publication date: 31/01/2019
Date of decision: 31/01/2019