Decision details

To approve the terms of the disposal of the property to Wandle Housing Association

RESOLVED:

1.  That the land at the Coopers Road Estate, SE1, as shown and highlighted on the plan attached as appendix 1 of the report (“the Site”) be sold on a 125 year building lease upon terms outlined within the closed report.

2.  That the head of property be authorised to agree any variations to these terms that may be necessary to achieve the regeneration in the light of further negotiations and securing full planning consent.

3.  That the freehold interest in the site be transferred on satisfactory and practical completion of the proposed development of fifty residential units on the site and upon production of a Certificate of Practical Completion.

4.  That the net receipts from the disposals be recycled into the Housing Improvement Programme.