Decision Details

Exempt information – relates to discretion to exclude public: information falling

within the categories outlined in 12A of the Local Government Act 1972 (as amended)

Paragraph 3. Information relating to the financial or business affairs of any particular person (including the council)

On 8 August 2024, Cabinet Committee – Property:-

(i)       Authorised the Assistant Director of Investment & Valuation to conclude a land sale of the Council owned property, “Plots 6, 7 and 8 Perry Barr Residential Scheme Phase 1” (“the Property”) as shown edged red and bold on attached plan at Appendix 1 to the report  – site plan, and extending to approximately 5.958 acres, to the Purchaser as detailed in Exempt Report Appendix 2 to the report  by way of the grant of a long lease for terms of 990 years for Plot 6 by conditional deferment consideration and a long lease for terms of 990 years of Plots 7 and 8 by unconditional sale consideration at the premiums set out in Appendix 2 – Exempt Report;

(ii)       Authorised the City Solicitor (or their delegate) to prepare, negotiate, execute, and complete all relevant legal documentation to give effect to the above;

(iii)      Noted the pre-decision scrutiny undertaken by the Economy, Skills and Culture Overview and Scrutiny Committee and considered their recommendations and the response to them.