Decision details

To approve the extension of the Property Purchase Programme, to increase the supply of good quality temporary accommodation.

RESOLVED:  That

(1)          the Corporate Director Place be authorised, following consultation with the Portfolio Holder for Housing and the Portfolio Holder for Finance and Human Resources, to acquire up to 50 additional properties on the open market, to provide temporary accommodation, at a maximum cost of £20.62m, to include the purchase price, all costs associated with the acquisition and initial repairs and refurbishment;

(2)          the Corporate Director of Place be authorised, following consultation with the Portfolio Holder for Housing and the Portfolio Holder for Finance and Human Resources, to negotiate the purchase of properties at a reasonable price given the prevailing market conditions at the time of purchase, supported by a valuation report; and

(3)          the Director of Housing Services be authorised, following consultation with the Portfolio Holder for Housing, to determine the most efficient way to manage the property acquisition programme and invite and evaluate quotes and tenders and award contracts for any services, including repairs and maintenance contracts, necessary for the programme within the agreed budget.

Reason for Decision:  To extend the Property Acquisition Programme to provide additional local, good quality temporary accommodation and deliver additional Bed and Breakfast cost avoidance in line with the approved budget and Medium Term Financial Strategy.