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Details
Title:
Sale of Premises at 10 Upper Gough Street, Birmingham, B1 1JG
Include item on Forward Plan/ Key Decision
No
Urgent Decision - Not in Forward Plan
No
Details for Agenda Sheet
Report of
Strategic Director for Place, Prosperity and Sustainability – Paul Kitson
Director of Council Management – Rebecca Hellard
City Solicitor and Monitoring Officer (Interim) – Satinder Sahota
Implementation Date (not before meeting on)
Wed 2 Mar 2022
Purpose
This report seeks authority for the sale of the Council’s freehold reversionary interest in in Premises at 10 Upper Gough Street, Birmingham, B1 1JG to the current lessee, Jason Wayne Kirby.
The subject property has a site area of 810 sqm approximately and is shown edged bold on the attached plan at Appendix 1.
The report seeks authority under paragraph 3.2(xi) of Part E of the constitution, for the approval of acquisitions and disposals from the Investment Property portfolio to the Leader and Cabinet Member for Finance and Resources, jointly with the Director - Inclusive Growth, Chief Finance Officer and the City Solicitor (or their delegates, now Strategic Director Place, Prosperity and Sustainability, Director of Council Management and City Solicitor and Monitoring Officer - Interim), up to a limit of £25m in any one transaction.
The recommendations contained in this and the Exempt Appendix 2 are fully in line with the Council’s wider ambitions and plans for inclusive growth and financial stability. The recommendations are in compliance with the Birmingham City Council Plan and Budget 2018-2022 and the Property Strategy.
Options for this property interest have been fully considered and the recommended sale provides the best outcomes for the City as detailed in the Exempt Appendix 2.
Decision Maker
Cabinet Member and Chief Officer
Chief Officer Decision Maker
Decision Maker:
Cabinet Member
Directorate
Inclusive Growth
Decision Outcome
On the 2 March 2022 the Cabinet Member of Finance and Resources:
Authorised the Assistant Director of Property to conclude the sale of the Council’s freehold reversionary interest, to the current lessee, Jason Wayne Kirby.
Noted that the purchaser will pay a contribution towards the Council’s surveyor’s and legal costs, as detailed in Exempt Appendix 2.
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 7 MARCH 2022
Is the Decision Maker Aware of the Decision:
No
Is the Head of Services Aware of the Decision:
No
Is Decision County Wide:
No
Would the recommended decision be contrary to the budget and policy framework:
No
Additional Information
Decision Criteria
This Decision does not contain any decision criteria records.
Topics
This Decision does not contain any Topic records
Overview and Scrutiny
Economy and Skills Overview and Scrutiny Committee
Resources Overview and Scrutiny Committee
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Decision History
| 02/03/2022 09:35:30 | Wendy Hill | Business Item Created | |
| 02/03/2022 09:35:30 | Wendy Hill | Committee Added | Cabinet Member and Chief Officer |
| 02/03/2022 09:36:07 | Wendy Hill | Ward Added | Ladywood |
| 02/03/2022 09:36:38 | Wendy Hill | Contacts Edited | |
| 02/03/2022 09:36:56 | Wendy Hill | OS Committee Added | Economy and Skills Overview and Scrutiny Committee |
| 02/03/2022 09:36:56 | Wendy Hill | OS Committee Added | Resources Overview and Scrutiny Committee |
| 02/03/2022 09:37:12 | Wendy Hill | Meeting Added | 02/03/2022 12:00AM |
| 02/03/2022 09:37:51 | Wendy Hill | Report Added | Document ID 205476: Final Rec Report - 10 Upper Gough St St V1 (1) |
| 02/03/2022 09:40:05 | Wendy Hill | Status Changed | Decision Proposed [2] |
| 02/03/2022 09:40:26 | Wendy Hill | General Details Edited | |
Approval/Comments
No history found.