Issue - decisions
i54 Western Extension (South) Land Sale
- Approved that the City of
Wolverhampton Council as direct landowner and its JV Partner
Staffordshire County Council enter into a Land Sale Agreement with
a third party (on the terms detailed in this report) for the
northern portion of the i54 Western Extension (South) site
measuring 24.7 acres as shown in Appendix 1.
- Approved the extension of the
existing Exclusivity Agreement with Third Parties which expires on
30 November 2021 to 28 February 2022 to cater for any potential
slippage in the programme.
- Authorised the Director of
Regeneration to instruct external legal advisers, Eversheds to
negotiate, execute and complete all relevant legal documentation to
give effect to the above recommendations.