Issue - decisions

(i)         that it be noted that the original preferred purchaser is not proceeding, due to financial constraints, with an acquisition of the site (and a small area of adjoining land) for the purpose of a social housing redevelopment scheme in partnership with the Council on terms set out in the report from the Director of Finance and Corporate Services presented to and approved by members on 18 January 2010;

(ii)        that the Director of Regeneration and Major Projects be authorised to dispose of the freehold of the property with vacant possession at auction on such terms as the Assistant Director Regeneration and Major Projects (Property and Asset Management) considers to be in the council’s best interests so as to achieve the best price that can be reasonably obtained subject to agreeing a reserve for auction with the Director of Finance and Corporate Services.