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Details

Status:
Implemented
Title:
Sale of Land at Peddimore Estate, Minworth, Birmingham
Include item on Forward Plan
Yes
Is Key Decision
No
Item Contains Exempt/Private Reports
No
Reference:
013292/2024
Urgent Decision - Not in Forward Plan
No
Details for Agenda Sheet

Report of Strategic Director Place, Prosperity and Sustainability

Original CMIS Reference Number: 012745/2024 

Implementation Date (not before meeting on)
Thu 12 Sep 2024
Purpose
To Authorise the Proposed Transaction
Key Portfolio
Deputy Leader and Economy & Skills
Decision Maker
Not Applicable
Chief Officer Decision Maker
------ N/A ------
Reason For Key Decision
Significant capital receipt (above £1m capital)
Relevant Documents
Decision Type:
Committee
Decision Maker:
Cabinet Committee – Property
Directorate
Place, Prosperity and Sustainability
Other Information
Private Reason
3. Information relating to the financial or business affairs of any particular person (including the council)
Decision Outcome

On 12 September 2024, Cabinet Committee – Property:-

(i) Authorised the Assistant Director of Investment & Valuation to conclude an unconditional sale of the Council owned freehold land at the Peddimore Estate Minworth, Birmingham, (“the Property”) as shown edged bold on attached plan at Appendix 1 to the report, and extending to 46.1 hectares (114 acres), to the Purchaser as detailed in exempt Appendices 2 and 3 to the report;

 

(ii) Noted that the purchaser will also pay a contribution towards the Council’s surveyor and legal costs, as detailed in Exempt Appendix 2 to the report;

 

(iii) Authorised the Assistant Director of Investment & Valuation to revert to the under bidders in the event of a failure to complete the transaction within the prescribed timeline;

 

(iv) Authorised the City Solicitor to prepare, negotiate, execute and complete all relevant legal documentation to give effect to the above;

 

(v) Noted the feedback from Economy, Skills and Culture Overview and Scrutiny Committee and the response set out in paragraph 7.2 and Exempt Appendix 6 to the report.

THE DEADLINE FOR CALL IN IS 1600 HOURS ON WEDNESDAY 18 SEPTEMBER 2024.

Would the recommended decision be contrary to the budget and policy framework:
No
Decision Options:

Additional Information

Reg 10
Reg 11

Decision Criteria

This Decision does not contain any decision criteria records.

Wards

Sutton Walmley & Minworth

Topics

This Decision does not contain any Topic records

Overview and Scrutiny

Economy, Skills and Culture Overview and Scrutiny Committee

This section allows you to view the reports for the Decision.

Reports

  1. pdf CCP Report Sale of Land at Peddimore Estate, Minworth (267Kb)
    1. pdf Appendix 1 plan - sale of land at Peddimore (319Kb)
    2. pdf Exempt Appendix 2 - Sale of land at Peddimore - Private Report
    3. pdf Exempt Appendix 3 Best Consideration Report, Sale of land at Peddimore - Private Report
    4. pdf Exempt Appendix 4 Sale of land at Peddimore- private report March 2018 - Private Report
    5. pdf Appendix 5 EIA000456 -Sale of land at Peddimore (600Kb)
    6. pdf Exempt Appendix 6 - Overview and Scrutiny Summary - Private Report

This section displays the history of the Decision.

Decision History

Date & Time CreatedUser Full NameStatus DescriptionDetails
12
 Page 1 of 2, items 1 to 10 of 13.
19/08/2024 12:26:50Ghalub Hussain Business Item Created 
19/08/2024 12:26:50Ghalub Hussain Committee AddedCabinet Committee – Property
19/08/2024 12:26:50Ghalub Hussain Meeting Added12/09/2024 11:00AM
19/08/2024 12:27:42Ghalub Hussain Ward AddedSutton Walmley & Minworth
19/08/2024 12:28:13Ghalub Hussain OS Committee AddedEconomy, Skills and Culture Overview and Scrutiny Committee
19/08/2024 12:29:36Ghalub Hussain Consultation/Comments Edited 
19/08/2024 12:29:47Ghalub Hussain Status ChangedDecision Scheduled [1]
19/08/2024 12:30:56Ghalub Hussain General Details Edited 
30/08/2024 09:55:31Ghalub Hussain Report AddedDocument ID 262932: CCP Report Sale of Land at Peddimore Estate, Minworth
13/09/2024 11:48:50Baljinder SamraGeneral Details Edited 

Approval/Comments

No history found.