Decision details

Freehold acquisition of 88 Lincoln Road, Peterborough PE1 2ST - JAN21/CMDN/74

Decision Maker: Cabinet Member for Housing, Culture and Recreation

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Appendix A is NOT FOR PUBLICATION in accordance with paragraph (s) 3 of Schedule 12A of Part 1 of the Local Government Act 1972 in that it contains information relating to financial or business affairs of the Council. The public interest test has been applied to the information contained within the exempt annex and it is considered that the need to retain the information as exempt outweighs the public interest in disclosing it, as commercial negotiations regarding the purchase of this property are still ongoing and therefore it is not appropriate for the financial details to be made public at this juncture.

 

The Cabinet Members:

 

1.    Approved the freehold purchase of 88 Lincoln Road.

2.    Approved associated stamp duty land tax and professional costs.

3.    Accepted the funding of £878,830 from MHCLG.

 

Reasons for the decision:

To increase the Council’s stock of move-on accommodation for those coming out of supported and temporary accommodation and who have previously slept rough.

Alternative options considered:

The Council is continually looking at options for increasing its housing supply and the provision of accommodation, particularly for the homeless. The idea of individual flats in different locations was looked at in some detail. However, the prospect and cost of needing to carry out refurbishment works and the ongoing management of various sites across the authority, made this opportunity (of 22 flats in one location) more appropriate to the Council’s requirements, which will ultimately be more economic to maintain and manage.

Interests and Nature of Interests Declared:

None.

Background Documents:

None.

Publication date: 22/01/2021

Date of decision: 22/01/2021

Effective from: 28/01/2021

Accompanying Documents: