Purpose

To agree to dispose of the land
at Langton Way to Anchor Hanover to develop an Affordable Extra
Care scheme 

Content

Agreed
in principle to dispose of land and buildings at
Langton Way (shown edged red on the plan attached at Appendix A) to
Anchor Hanover Group, substantially on the terms contained in the
draft Heads of Terms at Exempt Appendix C of the report, to enable
the construction of an affordable extra care housing facility and
to enter into appropriate legal agreements with Anchor Hanover
Group to effect the disposal;
 
Agreed
to dispose of the land and buildings to Anchor
Hanover Group based on the agreed valuation contained in the draft
Heads of Terms, supported by the Valuation Advice (Exempt Appendix
B and C of the report), which reflects the facility being made
available to residents at 100% affordable rent. The capital receipt
will be credited to the Housing Revenue Account where the site is
currently held; and
 
Delegated
to the Director of Place and Growth the authority to
negotiate the disposal details in accordance with the draft Heads
of Terms and to enter all required legal agreements to affect the
disposal substantially on the terms contained in the Heads of Tems
at Exempt Appendix C of the report.  
 
Agreed
to treat the information contained in the Exempt
Appendices B and C to the report as exempt information in
accordance with the provisions of paragraph 3 of Schedule 12A to
the Local Government Act 1972 (as amended) (information relating to
the financial or business affairs of any particular person, including the authority holding
that information). To agree that this exempt information contained
in the Exempt Appendices B and C shall not be released to the press
or public