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On 18 August 2025, Cabinet Committee – Property:-
(i) Declared surplus to the Council’s requirements and approved the freehold disposal of sites listed below and as detailed with red line plans in Appendix 1 to the report;
(ii) Approved the sale of the sites through a Development Agreement route to the preferred developer with an onward sale agreement to a Registered Provider (RP) with the transaction details described in the Exempt Report Appendix 2 to the report;
(iii) Delegated authority to the Executive Director for Place, Prosperity, and Sustainability, the Director of Finance (s151 Officer), and the City Solicitor & Monitoring Officer (or their respective delegates) to agree the final terms of the transaction, including any non-material amendments of terms. These will be based within the parameters set out within the Best Consideration Report in Exempt Appendix 3 to the report;
(iv) Delegated to the Executive Director for Place Prosperity & Sustainability 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) Authorised the City Solicitor and Monitoring Officer (or their delegate) to take all steps necessary to execute and complete all relevant legal documentation to be prepared by an external lawyer;
(vi) Noted the Council have a Nominations Agreement in place with the Registered Providers which entitles the Council to nominate tenants into the homes at 100% at 1st let, subsequent lets to be delivered in accordance with Council Nomination Agreement. This agreement is updated regularly, with the next review consultation to commence in the Autumn.
THE DEADLINE FOR CALL IN IS 1600 HOURS ON FRIDAY 22 AUGUST 2025.
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