Issue details
Transfer by sale of land at Bracegirdle Road, Mortimer Drive and Broad Oak to Oxford City Housing (Development) Limited (OCH(D)L) and the purchase of the completed development by Oxford City Council from OCH(D)L
Cabinet, at its meeting on 19 May 2019, agreed to delegate authority to the Assistant Chief Executive in consultation with the Head of Finance and the Head of Law and Governance to:
1. 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 this report 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.
2. Approve and facilitate the agreed purchase by the HRA of all affordable housing units at the OHCL development sites.
The Assistant Chief Executive authorised the Director of Housing to take this decision.
Decision type: Key
Reason Key: Expenditure, income or savings of £500,000 or greater;
Decision status: Recommendations Approved
Notice of proposed decision first published: 16/02/2022
Decision due: 19 Feb 2021 by Director of Housing
Decisions