Decision details

Cllr Andrew Johnson presented the report on a proposal to declare the former Wednesfield High School site surplus to the Council’s requirements and to dispose of the site for housing development by WV Living. Approval was also sought to a grant agreement to allow shared ownership homes to be funded through the Homes and Communities Agency’s (HCA’s) grant programme.

Resolved:

1.     That the former Wednesfield High School site as shown edged red on Appendix A to the report be declared surplus to requirements.

2.     That the disposal of the freehold of the area as shown edged red on Appendix A, to WV Living, at a market value to be determined by the District Valuer, for the development of housing, subject to a Section 111 and Section 106 Agreement be approved. 

3.     That authority be delegated to the Cabinet Member for City Assets and Housing in consultation with the Director of Governance to approve the Heads of Terms and ancillary agreements associated with the disposal of the asset.

4.     That the signing of a grant agreement with the Homes and Communities Agency (HCA) for grant funding from the 2016-2021 Shared Ownership and Affordable Homes Programme awarded for the development of shared ownership units across residential development schemes in the city, be approved.

5.     That authority be delegated to the Cabinet Member for City Assets and Housing in consultation with the Strategic Director of Housing to agree the details of their delivery.

6.     That it be noted that the Council would undertake surveys and feasibilities for the site.

7.     That it be noted that the disposal would be subject to the approval of the WV Living Board.

8.     That it be noted that the Council had been awarded HCA grant funding of £300,000 under the 2016-2021 Shared Ownership and Affordable Homes Programme for the delivery of ten shared ownership homes.