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11.—(1) A new town corporation shall commence to give effect to their proposals under regulation 3 in respect of the dwellings by serving—
(a)a notice on the authority; and
(b)so far as reasonably practicable, one or more notices on one or more approved persons, so that, subject to paragraph (4), each dwelling is specified in one (and only one) of the notices served on an approved person.
(2) A notice served under paragraph (1) shall contain the initial valuation of—
(a)in the case of a notice served on the authority, all the dwellings concerned within their district; and
(b)in the case of a notice served on an approved person, the dwellings specified in that notice;
and it shall invite a notice in reply to be served within 2 months, or such longer period as the corporation shall determine, of the service of their notice.
(3) A notice in reply shall state—
(a)where it is from the authority, that the authority wish to acquire in accordance with these Regulations all the dwellings within their district; and
(b)where it is from an approved person, that that person wishes to acquire in accordance with these Regulations all of the dwellings specified in the notice that that person has received.
(4) Where, in relation to the dwellings offered by the corporation by a notice under paragraph (1), an approved person fails to serve the notice in reply, or, after serving such a notice, indicates that that person does not wish to acquire those dwellings, or ceases to be approved, the corporation may serve a further notice relating to those dwellings or any of them on another approved person in accordance with paragraph (1), and under these Regulations that notice shall, as respects those dwellings, be substituted for the earlier notice.
(5) Unless either—
(a)there are less than 100 dwellings (excluding hostels and retained dwellings) in a new town vested in the corporation; or
(b)the authority have served the notice in reply referred to in paragraph (2) and are willing to acquire under these Regulations the relevant dwellings,
the corporation shall exercise the power contained in paragraph (4) to serve a further notice, in order to secure so far as reasonably practicable that there is in relation to every dwelling in the new town an approved person who has served a notice in reply and is willing to proceed to acquire under these Regulations.
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