Decision details

Proposal for the acquisition and disposal of 251-253 Tettenhall Road

Councillor Bhupinder Gakhal presented the report on a proposal for the acquisition and redevelopment of 251-253 Tettenhall Road Wolverhampton, a two storey detached dwelling.

Resolved:

1.    That the proposal to negotiate with the current property owner the surrender of the existing lease in relation to 251-253 Tettenhall Road be approved.

2.    That the virement of funds for the acquisition of the freehold interest of 251-253 Tettenhall Road as detailed in section 1.3 of the report be approved.

3.    That authority be delegated to the Cabinet Member for City Assets and Housing, in consultation with the Deputy Director of Assets, to approve the negotiated terms for the lease surrender and acquisition of 251-253 Tettenhall Road through an Individual Executive Decision Notice.

4.    That the future freehold disposal of 251-253 Tettenhall Road via the open market disposal methods of either auction or informal tender upon terms and conditions to be agreed, be approved.

5.    That authority be delegated to the Cabinet Member for City Assets and Housing, in consultation with the Deputy Director of Assets, to approve the terms of a future disposal through an Individual Executive Decision Notice.

6.    That the current condition and reasons why continued use of 251-253 Tettenhall Road as temporary accommodation (TA) is not appropriate or desirable be noted.

7.    That the agreement of the current property owner to negotiate the surrender of the lease and the sale of the property to the Council be noted.