Issue details

Decision type: Key

Reason Key: Expenditure > £500,000;

Decision status: Recommendations Approved

Notice of proposed decision first published: 22/01/2025

This decision will be taken under urgency procedures.

Reason for urgency:
This report is deemed urgent as there is a high risk that the properties will be sold on the open market, if we are unable to secure a commitment to purchase these properties by the beginning of February. The council is looking to enter contract to purchase properties direct from a developer, the properties are under construction and will be ready in April / May 2025. All homes are currently available on the market. The developer advised on the 14th January 2025 that until the council formally reserves the homes and commits to the purchase by the 3rd Feb, that these homes will remain available to the market. Failure to secure these properties would put the council in a difficult position to source alternative units in the required areas of the district, and risk breaching its MOU with MHCLG.

As per the MOU with MHCLG the council is required to meet a requirement to provide 3 large (4 bed) properties as per the large resettlement requirement for the Local Authority Housing Fund.

Anticipated restriction: Part exempt  - View reasons

Explanation of anticipated restriction:
Information relating to the financial or business affairs of any particular person (including the authority holding that information).

Decision due: 3 Feb 2025 by Deputy Leader & Executive Member for Finance & Resources

Lead member: Executive Member for Culture, Arts & Housing

Lead director: Corporate Director of Community Development

Contact: John Burroughs, Housing Strategy and Development Officer Email: John.Burroughs@northyorks.gov.uk Email: john.burroughs@northyorks.gov.uk.

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