Use of Receipts from the Sale of 156 Walton Street (HRA assets)
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.
Decision type: Key
Reason Key: Expenditure > £500,000 for Housing Revenue or £250,000 for General Fund;
Decision status: Recommendations Approved
Notice of proposed decision first published: 31/01/2019
Decision due: 31 Jan 2019 by Assistant Chief Executive