Decision

The Corporate Director has decided to purchase a 1-bedroom flat at 43 Hussars Court, March PE15 9TJ for £105,000.

Analysis

outcome: The decision was made to complete the purchase of the property at the agreed purchase price.

summary: The decision involves the purchase of a 1-bedroom flat at 43 Hussars Court, March PE15 9TJ using £105,000 from reserves.

topline: The Corporate Director has decided to purchase a 1-bedroom flat at 43 Hussars Court, March PE15 9TJ for £105,000.

reason_contentious: This issue is not particularly contentious as it falls within the remit of cabinet approvals and financial thresholds.

affected_stakeholders: ["Corporate Director", "Local residents of March PE15 9TJ"]

contentiousness_score: 2

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=1009

Decision Maker: Corporate Director

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose:

Content: Following cabinet approval on 15th November 2024 which authorised approval to purchase 10 x 1-bedroom properties utilising £1.2 million from reserves.   This officer decision notice is to record the decision to complete the purchase of a 1-bedroom flat at 43 Hussars Court, March PE15 9TJ.   Decision Taken The purchase of this property in accordance with cabinet approvals at a purchase price of £105,000.   I am permitting that we buy this property for the purchase price of £105,000 for the following reasons:   ·         I have looked at the documentation supplied as part of the sale including: o   Valuation Report. o   Solicitor’s Report, o   Form of contract and transfer   ·         I am 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   N/A

Date of Decision: August 28, 2025