Issue - meetings

RESOLVED:

That Cabinet agrees that offers for the four sites be accepted, as set out in the report, subject to contract on the following basis:

1.                  The offer for all 4 sites from tenderer A be accepted on the basis of their seeking additional HCA funding subject to agreement of detailed terms to be approved by the Head of Corporate Property.

2.                  In the event that the disposal to tenderer A does not proceed the offer for all 4 sites from tenderer B be accepted on the basis of their seeking additional HCA funding subject to agreement of detailed terms to be approved by the Head of Corporate Property. 

3.                  Should either tenderer A or B be unsuccessful in bidding for the full amount of additional HCA funding on which their offers are based, the Head of Corporate Property be authorised to negotiate and agree terms with tenderers A or B in liaison with the Cabinet Member for Finance and Business Services and Cabinet Member for Social Services, Health and Housing.  

Reasons for decision

Cabinet considered the report to enable the redevelopment of the HRA Hostel sites that were no longer fit for purpose and to provide new affordable homes for local households including supported housing for vulnerable people.

Alternative options considered and rejected

No other options were considered as Cabinet had in January 2009 authorised officers to retender the sites to Registered Social Landlords.

Officers to action:

Martin White and Gordon Lillie, Finance and Resources

Exempt Information

This report was included in Part II as it contained information relating to the financial or business affairs of any particular person (including the Authority holding that information) and the public interest in withholding the information outweighed the public interest in disclosing it (exempt information under paragraph 3 of Part 1 of Schedule 12A to the Local Government (Access to Information) Act 1985 as amended.