Decision Details

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This section allows you to view the general details of a Decision

Details

Status:
Implemented
Title:
Sale of Various Freehold Interests – Birmingham City University, Nechells
Include item on Forward Plan
Yes
Is Key Decision
No
Item Contains Exempt/Private Reports
No
Reference:
013287/2024
Urgent Decision - Not in Forward Plan
No
Details for Agenda Sheet
Strategic Director, Place Prosperity & Sustainability
Implementation Date (not before meeting on)
Thu 12 Sep 2024
Purpose
To seek approval to sell freehold interests via an externally appointed agent.
Key Portfolio
Deputy Leader and Economy & Skills
Decision Maker
Chief Officer Decision Maker
------ N/A ------
Reason For Key Decision
Sale of the various freehold interests will generate a total capital receipt of £5.65m.
Relevant Documents
Decision Type:
Committee
Decision Maker:
Cabinet Committee – Property
Directorate
Place Prosperity & Sustainability
Other Information
Private Reason

3. Information relating to the financial or business affairs of a particular person (including the authority holding that information).

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’s various freehold interests, to the current tenant, and on the recommended terms as set out in Exempt Appendix 5 to the report;

 

(ii) Noted the purchasing tenant will meet payment of the Council’s legal and surveyor’s costs, as detailed in Exempt Appendix 5 to the report;

 

(iii) 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 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

Nechells

Topics

This Decision does not contain any Topic records

Overview and Scrutiny

Corporate & Finance Overview and Scrutiny Committee
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 Various Freehold Interests - Birmingham City UniversityV4 (203Kb)
    1. pdf Appendix 1 - List of Assets (34Kb)
    2. pdf Exempt Appendix 2 - Sale of Various Freehold Interests - v5 - Private Report
    3. pdf Appendix 3 Sites Plan (680Kb)
    4. pdf Exempt Appendix 4 - Recommendation Report - Private Report
    5. pdf Exempt Appendix 5 - Draft Heads of Terms - Private Report
    6. pdf Appendix 6 - EIA000500 (658Kb)

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 16.
15/08/2024 08:52:25Louise Harris Business Item Created 
15/08/2024 08:52:25Louise Harris Committee AddedCabinet Committee – Property
15/08/2024 08:52:25Louise Harris Meeting Added12/09/2024 11:00AM
15/08/2024 08:53:03Louise Harris Ward AddedNechells
15/08/2024 08:54:03Louise Harris Contacts Edited 
15/08/2024 08:54:51Louise Harris OS Committee AddedCorporate & Finance Overview and Scrutiny Committee
15/08/2024 08:54:51Louise Harris OS Committee AddedEconomy, Skills and Culture Overview and Scrutiny Committee
15/08/2024 09:01:12Louise Harris Consultation/Comments Edited 
15/08/2024 09:02:06Louise Harris Status ChangedDecision Scheduled [1]
15/08/2024 09:02:24Louise Harris General Details Edited 

Approval/Comments

No history found.