Issue - meetings

To approve the disposal of Elmington Esate sites C, D, E and G.

RESOLVED:

1.  That the disposal of Elmington Estate sites C, D, E and G on the main terms and conditions that are set out in the closed report be approved.

2.  That the head of property be authorised to agree any variations to these terms that may be necessary to achieve the successful regeneration of Elmington Estate sites C, D, E, and G.

3.  That in the unlikely event that this recommended sale does not proceed to exchange, the head of property be authorised to agree the terms of a sale with any one or combination of the under bidders set out in the closed report and/or any other third party, provided that these terms conform with the council’s legal obligation to achieve the best consideration reasonably obtainable where that is required.

4.  That the capital receipt from the sale of the property be recycled into the council’s housing investment programme.