Decision details
Transfer by sale of land at Carole's Way and The Oval, Rose Hill to Oxford City Housing (Development) Limited (OCH(D)L) and the purchase of the completed development by Oxford City Council from OCH(D)L
Decision Maker: Assistant Chief Executive
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To authorise the transfer by purchase by Oxford City Council of the extended and refurbished 4 bedroom property delivered through the OCHDL Extensions programme. Contributing to the Council’s overall Affordable Housing provision.
Decision:
1 To authorise the transfer by sale of land on Carole’s Way and The Oval, Rose Hill to Oxford City Housing (Development) Limited for a consideration of £410,000.
2 To authorise the transfer by purchase of the land and completed housing units from Oxford City Housing (Development) Limited by the Council’s Housing Revenue Account for a consideration of £11,745,000 in total.
Reasons for the decision:
To support the delivery of affordable housing.
The viability appraisals undertaken show that the scheme is within the parameters set for the Housing Revenue Account.
The scheme is supported by £1,615,000 of Oxfordshire Growth Deal Affordable Housing grant.
Alternative options considered:
Not to transfer the properties would represent a missed opportunity to deliver affordable housing and support the delivery of the OCHL business plan.
Signed off by senior officers:
Caroline Green, Assistant Chief Executive.
Decision taken in consultation with the Head of Financial Services and the Head of Law and Governance.
Publication date: 15/06/2021
Date of decision: 19/02/2021
Effective from: 18/06/2021
Accompanying Documents:
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