Decision details

The report seeks approval to acquire a site on Derbyshire Lane for the purpose of delivering new affordable Council homes.

That the Cabinet Member authorises:-

i)               the Chief Property Officer to negotiate the terms for the acquisition of the site on Derbyshire Lane (shown on the plan at Appendix A of the report), subject to the conditions set out at Appendix B, for the purpose of delivering new affordable Council homes as part of the Stock Increase Programme; and

ii)              the Director of Legal and Governance to enter into the legal documentation necessary to complete the acquisition.

The acquisition of this site will help meet local need for good quality affordable homes and contribute towards the Council’s Stock Increase Programme.

The Council could decide not to purchase this site. This would mean that (a) the site could then remain in commercial use or be developed/used for a number of other purposes (subject to planning permission) and (b) the Council would forgo the opportunity to deliver new Council homes in an area where there is an identified need for affordable homes and where opportunities to deliver this are limited.