Lead Member – Councillor Dean Carroll – Portfolio Holder for Growth, Regeneration and Housing

Report of Mark Barrow – Executive Director of Place

RESOLVED:

·       To approve the disposal of the site (as outlined in appendix 1) to CDL to realise a capital receipt.

·       To delegate the following to the Head of Property and Development, in consultation with the Portfolio Holder for Growth, Regeneration & Housing,

o   The authority to formalise the detailed terms of the structure of the disposal incorporating the agreed valuation approach as set out and approved by full Council on the 17 December 2020 in the report ‘Addressing Unmet Housing Need Site Disposals to the Housing Company’

o   In accordance with the above, ensure the sale of land is compliant with the obligations placed on the Council pursuant to Section 123 of the Local Government Act 1972 and the UK subsidy control regime in accordance with the Subsidy Control Act 2022

o   The ability to settle terms and conclude a sale

The Portfolio Holder for Growth, Regeneration and Housing presented the report proposing to dispose of the site known as Former Oakland School, Bayston Hill to Cornovii Developments Ltd (CDL).

Members felt that the residents of Bayston Hill would welcome the proposals which would see a piece of land which has been vacant for a considerable time put back into use to address unmet housing need.

RESOLVED:

·       To approve the disposal of the site (as outlined in appendix 1) to CDL to realise a capital receipt.

·       To delegate the following to the Head of Property and Development, in consultation with the Portfolio Holder for Growth, Regeneration & Housing,

o   The authority to formalise the detailed terms of the structure of the disposal incorporating the agreed valuation approach as set out and approved by full Council on the 17 December 2020 in the report ‘Addressing Unmet Housing Need Site Disposals to the Housing Company’

o   In accordance with the above, ensure the sale of land is compliant with the obligations placed on the Council pursuant to Section 123 of the Local Government Act 1972 and the UK subsidy control regime in accordance with the Subsidy Control Act 2022

o   The ability to settle terms and conclude a sale