Decision Maker: Cabinet

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: September 10, 2024

Purpose: To seek approval to proceed with land disposals.

Content: 1)      Approve the disposal of council owned land within the Winklebury Regeneration area as detailed in appendices 3 to 5 of the report, to VIVID Housing Limited, for less than best consideration, upon the basis that disposal of the land is likely to contribute to the improvement of the economic, social and environmental wellbeing of the Winklebury area and of its residents by facilitating the delivery of affordable housing and regeneration pursuant to section 123 Local Government Act 1972.   2)      Agree that any disposal is subject to:   ·       Agreement of Heads of Terms   ·       A satisfactory section 123 valuation report   ·       Advertising the intention to dispose of the public open space in respect of the land adjoining Carisbrooke Close (appendix 4 of the report) in accordance with the requirements of Section 123 of the Local Government Act 1972 and to consider any objections prior to deciding whether to dispose of this open space upon the basis set out above.   ·       Undertaking a Subsidy Control assessment and publish details of any subsidy on the UK subsidy database.   3)      Delegate to the Director of Regeneration Services, in consultation with the Head of Law and Governance, the authority to agree the terms of a conditional contract for the disposal of the land within the Regeneration Area to include the requirement for planning permission, measures relating to the future use of the council land and the requirements of the Subsidy Control Act and the power to do anything to conducive to or to facilitate the regeneration scheme.