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(1)That authority be given to
undertake the Community Asset Transfer (CAT) of Hurst Road
Community Centre, Oldbury, B67 6ND to 4 Community Trust for a term
of 99 years based on a full repairing lease with a rental of
£1 per annum subject to receipt and evaluation of a suitable
business plan.
 

(2)That subject to recommendation
(1) being approved and on receipt of a suitable business
plan:
 

(a) 
that authority be given to the Monitoring Officer,
Assistant Director of Legal and Assurance to dispose of the
property, on terms and conditions to be agreed by the Executive
Director - Place in consultation with the Cabinet Member for
Neighbourhoods and Community and the Cabinet Member for
Regeneration and Infrastructure.

 

(b) 
that authority be given to the Monitoring Officer,
Assistant Director of Legal and Assurance to enter into or execute under seal, if necessary, any
other related documentation in connection with the leasehold
disposal of the site.

 

(3) That subject to no suitable business plan being received from 4
Community Trust by 31 July 2024 Cabinet approve the open market
disposal (leasehold or freehold) of Hurst Road Community Centre,
Oldbury, B67 6ND via the most appropriate mechanism.

 

(4) That subject to recommendation 1.3 being approved:
 

(a) 
that approval be given to negotiate and agree a
disposal of the leasehold or freehold to the preferred bidder from
those bids received.

 

(b) 
that authority be given to the Monitoring Officer,
Assistant Director of Legal and Assurance to dispose of the
property, on terms and conditions to be agreed by the Executive
Director - Place in consultation with the Cabinet Member for
Neighbourhoods and Community and the Cabinet Member for
Regeneration and Infrastructure.
 

(c)that
authority be given to the Monitoring Officer, Assistant Director of
Legal and Assurance to enter into or
execute under seal, if necessary, any other related documentation
in connection with the leasehold or freehold disposal of the
site.