Purpose

Authority to commence negotiation to acquire
with the owner or Compulsory Purchase.

Content

1.   That the Executive Director of Economy be
authorised to negotiate terms for the acquisition of the property
46 Pond Lane, Wolverhampton, WV2 1HG, and, in default of that
acquisition, give authority for a compulsory purchase order (CPO)
to be made under Part II Section 17 Housing Act 1985 in respect of
the property.
 
2.   That expenditure for the potential acquisition of
the property, with subsequent capital receipts being recycled
within the Empty Property Strategy programme be
approved.
 
3.   That in the event that the property is improved
and re-occupied to the satisfaction of the Executive Director of
Economy, authorise withdrawal of the property from the
CPO.

 
4.   That following any acquisition, the Executive
Director of Economy be authorised to dispose of the property on the
open market on condition that the property is refurbished and
re-occupied within six or 12 months (as appropriate to the scale of
the works).
 
5.   That the Chief Operating Officer (or such other
authorised officer) be authorised to:

a.     
Take all reasonable steps as soon as it is
reasonably practical to secure the making, confirmation and
implementation of the CPO including the publication and service of
all Notices and the presentation of the Council’s case at any
Public Inquiry.
 
b.     
Approve agreements with the owners of the property
setting out the terms for the withdrawal of objections to the CPO,
and/or making arrangements for the acquisition of the property
and/or re-housing or relocation of any occupiers.
 

c.     
Approve the making of a General Vesting Declaration
(the property is brought into Council ownership via this
process).
 
d.     
Approve the disposal of the whole and/ or parts of
the property by auction, tender or private
treaty.

 
e.     
Enter into, execute or sign any legal documentation
necessary to put the matters agreed or approved in respect of the
above matter into effect.