The Executive Meeting have agreed that in order to support the implementation of the Empty Property Strategy the following be approved:-
· the capital expenditure required to acquire the five properties outlined within the proposal contained in the report;
· the costs relating to the legal, purchase and resale costs be covered initially by an allocation from the New Home Bonus grant scheme;
· any surplus made being retained and ring-fenced to support further acquisitions of empty properties subject to an annual review of funding requirements; and
· any gap requirements between the acquisition and resale values, net of any held surpluses made being met from an allocation from the New Homes Bonus grant scheme.