Decision

The Section 151 Officer has decided to purchase a property at a price of £100,000.

Analysis

outcome: The recommendations for the purchase were approved.

summary: The decision involves the purchase of a property at a price of £100,000.

topline: The Section 151 Officer has decided to purchase a property at a price of £100,000.

reason_contentious: This issue is not contentious as it falls within the remit of what was previously approved by the Cabinet.

affected_stakeholders: ["Section 151 Officer", "Cabinet", "Investment Board"]

contentiousness_score: 0

political_party_relevance: There are no mentions or implications of political parties or political influence on the decision.

URL: https://www.fenland.gov.uk/localgov/ieDecisionDetails.aspx?ID=979

Decision Maker: Section 151 Officer

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: Following Cabinet approval on 15 November 2024 which authorised approval to purchase 10 x 1-bedroom properties utilising £1.2 million from reserves.

Content: To purchase 10 Hussars Court, March in accordance with Cabinet approvals at a purchase price of £100,000. That this property be purchased at the price of £100,000 for the following reasons:   ·         Looking at the documentation supplied as part of the sale including: o   Valuation Report. o   Solicitor’s Report, o   Form of contract and transfer   ·         Being satisfied that the purchase falls within the remit of what cabinet approved including: o   It is within the financial thresholds of the confidential appendix. o   The location of the property o   The view of Investment Board. Not applicable. Cabinet Report 15th November 2024: https://www.fenland.gov.uk/localgov/documents/s16182/Report.pdf

Date of Decision: July 2, 2025