Issue - meetings
Report from Cabinet meeting on 19 July 2022
Meeting: 27/07/2022 - South Holland District Council (Item 30)
30 Report from Cabinet meeting on 19 July 2022 
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To consider recommendations of the Cabinet in respect of:
· Acquisition of 18 rented S106 affordable homes in Holbeach, from a developer (Cabinet minute 21/22) (Cabinet agenda item 14 and exempt agenda item 17).
Additional documents:
Minutes:
Consideration was given to the report of Cabinet which sought approval for the Cabinet’s recommendations:
Acquisition of 18 rented S106 affordable homes in Holbeach, from a developer
The report was presented by the Portfolio Holder for Assets and Planning.
· Members asked that the Portfolio Holder provide an explanation of the process undertaken in making the decision.
- The Portfolio Holder responded that there was a need for all types of affordable homes within South Holland. This developer had contacted the Authority about the scheme at an early stage, and the authority was very interested as there was a defined need. These arrangements were always carefully scrutinised to ensure that the Authority was getting good value for money.
· Members commented that a section of the Cabinet report stated that the developer had indicated that a management company be established for the site – it was important that there was due diligence to ensure that it was managed well in future.
· Members commented that it was important to start investing in 3-bedroom, rather than 1-bedroom properties, and that the Authority needed to be in contact with builders as early as possible in the future.
Members advised that there was no requirement for discussion of the information within the exempt appendix, and there was therefore no need for the meeting to go into private session for that item.
DECISION:
1) To approve the business case and approve the acquisition of 18 affordable homes within Holbeach, for the HRA; and
2) To delegate to the Deputy Chief Executive (Corporate Development) and S151, to agree the contractual matter (including the terms and conditions which may represent a minor variation to the scheme approved in the business case) such as signing the contract/transfer document and other incidental actions that may be required, and approving the associated due diligence and valuation required to purchase the properties, and to identify this scheme as a name scheme in the capital programme, in accordance with the approved budget.
(The Leader left the meeting at the start of consideration of this item and returned following discussion of it).