1 That the City of Wolverhampton (CWC) enter into six separate staged payment Development Agreements with WV Living (WVL) for 100 affordable housing units on six sites for up to £8,777,000 as detailed in Appendix 1 of this report.
2 That the Council be authorised to execute the development agreements, contracts, transfers, associated wayleave agreements, deeds of easements, deeds of grant, collateral warranties together with any ancillary agreements.
3 That authority be delegated to the Cabinet Member for City Assets and Housing in consultation with the Director of Finance, to agree the purchase price of the affordable homes required under the S.106 homes and planning conditions, based upon an assessment of value provided by a Royal Institute of Chartered Surveyors (RICS) valuer.