Purpose

To seek approval to proceed with land
disposals.

Decision

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.