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.