Purpose

Consideration of whether to sell land at the former Clifton Hill
Leisure Centre for best consideration or at an undervalue to
facilitate the delivery of an Affordable Rent Extra Care retirement
scheme

Content

Agreed:
 
RESOLVED that the
Executive agree:
 
(1) the sale of the Former
Clifton Hill Leisure Centre site to Preferred Homes Limited for
£3.375 million at an undervalue of £425,000,
conditional upon planning approval being granted for the delivery
of 100% Affordable Rent Extra Care housing scheme for older people;
and
 
(2) that the Head of Commercial
Assets, in consultation with the Strategic Director of Corporate
Resources (s.151 officer) and the Leader, be granted delegated
authority to approve the final terms of the sale.
 
RECOMMENDED that Council
approve a budget for £50,000, funded by anticipated capital
receipts to cover disposal costs (including external agency and
legal fees) associated with this sale.
 
Reason for Decision: As
set out in the report.