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On 16 May 2023, Cabinet:-
(i) Approved the principle for the sale of the Council’s interest in identified surplus land to Registered Housing Providers / Developer Partners to deliver affordable housing, either as single sales or a combination of packages for sale. Such sales to be either freehold or long leasehold for a minimum term of 250 years;
(ii) Cabinet declared surplus to the Council’s requirements the land listed in Appendix 1 to the report;
(iii) Noted the land assets have been identified from both the Council’s General Fund & Housing Revenue Account (HRA) for sale to Registered Providers and / or Developer Partners to provide affordable housing across the city;
(iv) Approved the sale of the land identified in Appendix 1 to the report to Registered Providers / Developer Partners for the purpose of delivering affordable housing that is delivered to high quality standards including the minimum national space standards and the Council’s planning policy requirements;
(v) Approved the principle of identifying surplus land where appropriate over the next 3 years (2023-2026) for both the potential disposal to Registered Providers / Developer Partners for the delivery of affordable housing and development as part of the Council’s affordable homes programme;
(vi) Delegated to the Strategic Director of Place, Prosperity, and Sustainability (or their delegate), in consultation with the Leader and the Cabinet Member for Finance and Resources, approval of the final transaction details for the disposal;
(vii) Delegated authority to the Strategic Director for Place, Prosperity, and Sustainability, in conjunction with the Assistant Director Corporate Procurement (or their delegate), the Strategic Director of Council Management (or their delegate), and the City Solicitor & Monitoring Officer (or their delegate) to approve the procurement strategy and the award of contract, if required, for the appointment of an external professional adviser to support the sale process;
(viii) Delegated to the Assistant Director of Housing Delivery authority to negotiate and finalise the disposal terms, subject to 2.6 above;
(ix) Noted the purchasers will pay a contribution towards the Council’s surveyors and legal costs, to be determined on agreement of final sale terms;
(x) Authorised the City Solicitor and Monitoring Officer or appointed external advisors to prepare, execute, and complete all relevant legal documentation to give effect to the above.
THE DEADLINE FOR CALL IN IS 1600 HOURS ON MONDAY 22 MAY 2023.
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