Decision Details

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

On 16 December 2025, Cabinet Committee – Property:-

(i)        Declared surplus to the Council’s requirements and approved the freehold disposal of the site shown edged red on the plan in Appendix 1 to the report;

(iii)       Delegated 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;

(iii)       Noted the land asset has been identified for sale from the Housing Revenue Account (HRA) to provide affordable housing. The receipt will be paid into the HRA;

(iv)      Delegated authority to the Executive Director for Place, Prosperity, and Sustainability (or their delegate) in consultation with the Executive Director of City Housing, 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 Best Consideration Report in Exempt Appendix 3 to the report;

(v)       Noted that the purchaser will engage with the local community and Ward members via the planning approval process. Ward members have been notified of the sale of site within their ward for the development of affordable housing;

(vi)      Noted the appointment of external solicitors and authorised the City Solicitor (Monitoring Officer) to approve, execute, and complete all relevant legal documentation to give effect to the above;
and

(vii)      Noted the Council have a Nominations Agreement in place with a number of Registered Providers which entitles the Council to nominate tenants into the new homes. Whilst a Registered Provider has not yet been identified it is anticipated the Council will be able to nominate from it’s housing register. The land will be sold with a restriction for affordable housing and a sales anti-embarrassment clause.