Issue - meetings

Disposal of 156 Walton Street

Meeting: 11/05/2017 - City Executive Board (became Cabinet on 13 May 2019) (Item 174)

174 Disposal of 156 Walton Street pdf icon PDF 95 KB

The Head of  Housing Services has submitted a report which seeks approval for the marketing and sale of the freehold of 156 Walton Street on the open market and the use of the resulting receipt  to purchase additional affordable homes for households in need.

 

Recommendations: That the City Executive Board resolves to:

 

1.    Approve in the disposal of the freehold of 156 Walton Street and delegate authority to the Head of Housing to approve the actual terms following a marketing exercise.

 

2.    Note that a further report will be submitted to a future CEB setting out the preferred route for purchasing the additional properties once options and the most expedient route have been fully understood.

 

Additional documents:

Minutes:

The Head of Housing Services submitted a report which sought approval for the marketing and sale of the freehold of 156 Walton Street on the open market and the use of the resulting receipt to purchase additional affordable homes for households in need.

 

Cllr Rowley, Board Member for Housing presented the report.  He said this was a one off decision to sell off a council house in an expensive area to buy housing in other areas.  The property is vacant and run down and is worth a lot of money.

 

The money from the sale will go towards buying housing in Oxford. It will be rented at the local housing allowance rate to provide affordable housing

 

A further report will be submitted to the Board in July 2017.

 

The City Executive Board resolved to:

 

1.    Approve in the disposal of the freehold of 156 Walton Street and delegate authority to the Head of Housing to approve the actual terms following a marketing exercise.

 

2.    Note that a further report will be submitted to a future CEB setting out the preferred route for purchasing the additional properties once options and the most expedient route have been fully understood.