Agenda item

To seek approval to the disposal of Wooddene site as set out in the report.

RESOLVED:

1.  That the disposal of the Wooddene site 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 the Wooddene Site.

3.  That in the unlikely event that this proposed sale to the recommended developer does not proceed to exchange, the head of property be authorised to agree the terms of a sale with the under-bidders set out in the closed report or failing such to re-market the site within such further timetable as deemed necessary, provided that such terms conform with the council’s legal obligation to achieve the best consideration reasonably obtainable. 

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