Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: September 18, 2024

Purpose:

Content: That 1.  The disposal of the properties to Bidder 1 on a 999-year lease be approved. 2.  Authority be delegated to the Director of Housing, Planning, Property and Regenerationin consultation with the Portfolio Holder and Director of Finance to finalise the commercial heads of terms with Bidder 1. 3.  Authority be delegated to the Assistant Director of Legal services to sign, execute and enter into all legal agreements necessary to enable the completion of the transaction and any ancillary legal documentation arising thereto. 4.  Should the disposal to Bidder 1 not proceed, then the Director of Housing, Planning, Property and Regeneration in consultation with the Portfolio Holder and Director of Finance, be authorised to proceed with a disposal to Bidder 3 and then should Bidder 3 not proceed to Bidder 2.