Decision Details

This report seeks authority for the sale of the surplus Council owned property, Summer Hill Terrace, City Centre, Birmingham B1 3RA by the grant of a new lease at a premium to Claremont Land & New Homes Limited.

The subject property has a site area of 2,912 sq m approximately and is shown edged black on the attached plan at Appendix 1.

This report supersedes the previous report under CMIS Reference 006599.  The detail report is unchanged save as to revised commercially confidential details relating to the proposed terms of the transaction set out within Exempt Appendix 1.

This report supersedes the previous report under CMIS Reference 006599 (Decision made on 14 May 2019).

On Tuesday 28 May 2019 the Leader of the City Council jointly with the Assistant Director, Property:

i)  authorised the Assistant Director of Property to negotiate the grant of a new lease at a premium, plus the payment of the Council's surveyor's fee and legal costs, as detailed in Exempt Appendix 1;

ii)  authorised the City Solicitor to prepare, negotiate, execute and complete all relevant legal documentation to give effect to the above.

NOTE: CALL IN ENDS FRIDAY 31 MAY 2019 AT 1600 HOURS.