Decision details

To seek approval for the sale of 10 School End Crescent, Hemel Hempstead, HP1 2DZ at Martindale Fields, Warners End

Decision Maker: Strategic Director (Corporate & Commercial Services) Interim

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

The Martindale Fields development will deliver 65 residential units; a mixture of 21 properties for market sale and 44 social rented properties.
The rationale in having market sales at Martindale Fields is to assist in tenure balance and to provide cross subsidy for the social rented homes.
Site Sales Ltd. have been awarded the contract for marketing and selling these units off plan.
Reason: On 25th June 2019 Cabinet delegated authority as follows:
Approved by Corporate Director of…In conjunction with either the Corporate Director or the Assistant Director for…In consultation with
Corporate Director for Housing and RegenerationCorporate Director Finance and Operations or the Assistant Director for FinancePortfolio Holder for Housing or the Portfolio Holder for Finance and Resources.
Corporate Director Finance and OperationsCorporate Director for Housing and Regeneration or the Assistant Director for HousingPortfolio Holder for Housing or the Portfolio Holder for Finance and Resources.
All to agree land sales on the site in consultation with either the Portfolio Holder for Housing or Portfolio Holder for Finance and Resources. The properties have been subject to open market marketing process and the above sale has been agreed which was for the full asking price and in accordance with the approved red book valuation.

Decision:

To authorise the sale of 10 School End Crescent, Hemel Hempstead, HP1 2DZ

Alternative options considered:

Option 1 - N/A
Option 2 - N/A
Option 3 - N/A

Publication date: 01/07/2020

Date of decision: 10/06/2020

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