Issue - decisions

Cabinet RESOLVED:

(1)       To note the contents of the report;

(2)       To approve the proposed acquisition of the freehold interest of the site for purchase price set out in the (exempt) appendix of the report, subject to contract and subject to a) clean and marketable title b) financial and legal due diligence and c) vacant possession, with a target exchange of contract in June 2022.

(3)       To delegate authority to the Strategic Director of Regeneration & Environment in consultation with the Lead Member for Regeneration, Property and Planning to negotiate and agree the terms and thereafter enter into a contract with the seller for the purchase of the site.

(4)       To approve the engagement of section 203 of the Housing and Planning Act 2016 (2016 Act) in order to override third party rights and to delegate authority to the Strategic Director of Regeneration & Environment to consult and enter into agreements and if required to pay compensation to third parties whose rights may be affected by the engagement of the 2016 Act