On 23 September 2025, Cabinet Committee – Property:-
(i) Declared surplus to the Council’s requirements and approves the freehold disposal of the Housing Revenue Account sites listed below and as detailed with red line plan 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) on the terms set out in the Exempt Report Appendix 2, to the report;
(iii) Delegated authority to the Executive Director for Place, Prosperity, and Sustainability, and the Executive Director Finance (s151 Officer), (or their respective delegates) to agree the final terms of the transaction, including any non-material amendments of terms. These will be 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 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) 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 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.
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