Content

Salford City Council - Record of Decision
TITLE:PROPOSED TRANSFER OF TWENTY FIVE
RESIDENTIAL UNITS WITHIN THE ‘KARA STREET DEVELOPMENT’,
LANGWORTHY FROM SALFORD CITY COUNCIL TO DERIVE RP.
 
I, Councillor Kelly, Deputy
City Mayor, in exercise of the powers contained within the City
Council’s constitution do hereby;
 
1.   
Approve the disposal of twenty five residential units on the
land known as the ‘Kara Street development’, Langworthy
to Dérive RP Limited for a term of 999 years.
2.   
Approve the lending of a sum of monies to
Dérive RP Limited to fund the acquisition.
3.   
Delegate authority to the Executive Director Place
in conjunction with the Section 151 officer to: negotiate, agree,
and finalise the detailed terms of the transaction.
4.   
Authorise the Shared Legal Service to prepare all
necessary documentation and to take all steps which are required to
give effect to the above recommendations.
 
The Reasons:
                             
 
To approve the sale of 25 units
(subject to a 999 year lease and restricted to social rented use)
at the new ‘Kara Street, Langworthy’ development to
Derive RP Limited, once acquired by Salford City Council from Salix
Homes.
 
Options considered and rejected
were not to proceed with the proposals and sale
 
Assessment of Risk:
Low
 
The
source of funding: N/A
 
Legal
Advice obtained:  Manchester Shared
Legal Service
 
Financial Advice obtained:  Alison Woods,
Finance.
 
Procurement Advice obtained: n/a
 
HR
Advice obtained: n/a
 
Climate Change Advice obtained: n/a
 
 
The
following documents have been used to assist the decision
process:
 
Public/Briefing report submitted to Property/Regen Briefing on
24 July 2023
 
Contact Officers:
Sarah
Malone (Property Services) Tel No 07977 674 683
Dylan
Vince (Assets and Development) Tel. 793 2476

 

 

This
decision is not subject to consideration by another Lead
Member/Director

The
appropriate Scrutiny Panel to call-in the decision is
the  Growth and Prosperity Scrutiny Panel.

 

Signed:
Councillor Tracy
Kelly
Deputy City Mayor
Date: 24 July 2023
 

*          
This decision was published on Monday 24 July 2023.

*          
This decision will come in force at 4.00 pm Monday 31 July
2023, unless it is called-in in
accordance with the Decision Making Process Rules.