Issue - meetings
FP1009 Chequersfield New Build Scheme
Meeting: 14/10/2020 - Cabinet (Item 173)
173 Chequersfield New Build Scheme (Forward Plan Reference FP1009) 
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Report of the Corporate Director (Resources, Environment and Cultural Services) on the sale of apartments at Chequersfield.
Additional documents:
Decision:
Cabinet agreed to dispose of 12 x 1 bedroom apartments, consisting of a single block to Now Housing Limited.
Minutes:
Report of the Corporate Director (Resources, Environment and Cultural Services) on the sale of apartments at Chequersfield.
(1) The Decision Taken
RESOLVED:
Cabinet agreed to dispose of 12 x 1 bedroom apartments, consisting of a single block to Now Housing Limited.
(2) Reasons for the Decision
Members would have remember that the Council agreed to acquire 30 apartments from Taylor Wimpey at Chequersfield.
Unfortunately, due mainly to Covid-19, there had been delays in getting them finished but they are now almost complete.
It is recommended that the Council retain the larger block of 18 x 2 bedroom apartments as these are in the greatest demand and will be used for general needs housing. The block of 12 one-bedroom apartments are recommended to be sold to Now Housing as the inaugural properties for the local housing company.
The price of the sale had been based on the cost to the Council of the development and the block would be managed by the Council for Now Housing based on the service level agreement.