Transfer by sale of the Between Towns Road former Murco garage development site to Oxford City Housing (Development) Limited (OCH(D)L).
Decision Maker: Assistant Chief Executive
Is Key decision?: Yes
Is subject to call in?: Yes
Delegated authority to the Assistant Chief Executive to approve the sale of sites as set out in the OCHL business plan to OCHL providing that such sales comply with the mechanism set out in paragraph 31 of the report to Cabinet on 29 May 2020 and s123 of the Local Government Act 1972, and are made on the basis that following development all affordable housing units at the sites would be purchased back by the Council through the Housing Revenue Account.
To authorise the transfer by sale of the Between Towns Road former Murco garage development site to Oxford City Housing (Development) Limited for a consideration of £920,000 in total.
As part of Oxford City Council’s CEB decision on 17 March 2016 to establish Oxford City Housing (Investment) Limited it was agreed that the Council would develop new affordable housing with a range of tenures. Further reports have consistently identified this Between Towns Road site as a potential development scheme.
OCH(D)L has carried out extensive site investigations and design work and has obtained planning permission to deliver 38 homes here (18/03287/FUL).
Alternative options considered:
Not to transfer the properties would represent a missed opportunity to deliver affordable housing.
Signed off by senior officers:
Caroline Green, Assistant Chief Executive.
This decision was taken in consultation with the Head of Finance and the Head of Law and Governance.
Publication date: 28/07/2020
Date of decision: 19/09/2019
Effective from: 31/07/2020