RESOLVED –
1) That approval be given to the proposed delivery approach for Estate Buildings.
2) That approval be given to the disposal of the site at ‘less than best consideration’ to the preferred partner when appointed in accordance with the General Disposal Consent (England) 2003.
3) That authority be delegated to the Executive Director (Place), in consultation with the Service Director (Legal, Governance and Commissioning) and the Cabinet Member (Finance and Regeneration) to negotiate and agree the terms of disposal for the site with the preferred development partner and determine the appropriate level of discount for the site following a comprehensive assessment of the appointed partner’s development viability appraisal reflecting the housing mix which receives planning consent (which may likely be market housing but could include some affordable housing).
4) That authority be delegated to the Service Director (Legal, Governance and Commissioning) to enter into and execute any agreement and other ancillary documents necessary to dispose of the site to the preferred partner for housing, reflecting the housing mix which receives planning consent.