On the 18 February 2022 , the Leader and Cabinet Member For Finance and Resources:
(i) Authorised the Assistant Director of Property to conclude an unconditional sale of the Council owned Kyotts Lake Industrial Estate, Kyotts Lake Road, Birmingham B11 1JT as shown edged bold on attached plan at Appendix 1 and extending to 1.53 acres approximately, to Omer Properties Limited (CN: 13669269) at a premium as detailed in Exempt Appendix 2.
(ii) Noted that the purchaser will also pay a contribution towards the Council’s surveyor’s and legal costs, as detailed in Exempt Appendix 2.
(iii) Noted that to demonstrate their commitment, the purchaser has agreed to provide a “cash payment” deposit as detailed in Exempt Appendix 2 (which would be deductible in the event of sale completion).
(iv) Authorised the City Solicitor to prepare, negotiate, execute and complete all relevant legal documentation to give effect to the above.
THE DEADLINE FOR CALL-IN IS 1600 HOURS ON WEDNESDAY 23 FEBRUARY 2022.