Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: February 5, 2025

Purpose: To seek approval to dispose of Freehold which is currently under lease in order to raise a capital receipt

Content: Exempt Paragraph 3 – Information relating to financial and business affairs of any particular person (including the Authority holding that information) RESOLVED That the Cabinet: a)          approves the disposal of land that is currently under lease as detailed in section 5.5 of report SHAP/093. b)          delegates the negotiation, approval and completion of all relevant documentation including legal paperwork necessary for the transfer the freehold, if on agreeable terms, to the Head of Corporate Finance, the Head of Strategic Housing  and the Head of Governance, People and Performance, in consultation with the Leader of the Council and the Cabinet Member for Housing. (Generic Delegations 2 & 3 will be used to enact this recommendation) Reasons for the Recommendations   The disposal of this land will realise a capital receipt while preserving the ongoing provision of affordable housing on this land, and will enable the provision of additional affordable housing on the adjacent land.