On 20 July 2026 Cabinet
Committee – Property:-
(i) Noted the site was declared surplus by
Cabinet in January 2024;
(ii) Approved the freehold disposal of the
College Road site as detailed with a red line plan in Appendix 1, to the
report, to the contractor, and RP under the terms as detailed in Exempt
Appendix 2, to the report;
(iii) Approved the reserve bidders detailed in
Exempt Appendices 2 and 3, to the report, which will be called upon should a
sale to the preferred bidder fall through;
(iv) Delegated to the Executive Director for
Place Prosperity & Sustainability in consultation with the Executive
Director of City Housing the power to give notice, where required, of any
proposed disposal, and to consider any objections made, pursuant to Section 123(2A)
of the Local Government Act 1972;
(v) Noted the land asset has been identified
for sale from the Housing Revenue Account (HRA) to provide affordable housing
with the Council retaining Nomination Rights for those on its housing register.
The receipt will be paid into the HRA;
(vi) Delegated authority to the Executive
Director for City Housing (or their delegate) in consultation with the Director
of Finance (s151 Officer), (or their delegate), and the City Solicitor &
Monitoring Officer (or their delegate) to approve the final terms of the Sale
Agreements. These will be based within the parameters set out within the
Recommendation Report in Exempt Appendix 3, to the report;
(vii) Delegated to the Executive Director for
Place Prosperity & Sustainability in consultation with the Executive
Director of City Housing approval for any non material amendments to the sale.
The nature of these non-material amendments are set out in Exempt Appendix 2,
to the report;
(viii) Noted the appointment of external solicitors
and authorises the City Solicitor and Monitoring Officer to approve, execute
and complete all relevant legal documentation to give effect to the above
decisions;
(ix) Noted the contractor and their Registered
Provider partner have been selected after a competitive bidding process.
THE
DEADLINE FOR CALL IN IS 1600 HOURS ON THURSDAY 23 JULY 2026.