Decision type: Key
Decision status: For Determination
Notice of proposed decision first published: 12/07/2017
This decision will be taken under urgency procedures.
Reason for urgency:
The City Development Team were made aware on 28th June 2017 that the Corn Hill site had been put on the market, with the deadline for offers to be submitted set as midday on 28th July 2017. The City Development team have worked qiuickly to assess whether any interested parties could partner with the Council to acquire the site on our behalf for development in line with our regeneration aspirations. In the meantime, a valuation report has been commissioned and due diligence work commenced. As it now looks unlikely any partner organisation will bring the site forward for development within the Area Action Plan timeframe, the principle to acquire the site was approved by City Centre Performance Board on 5th July 2017.
If a decision is not made until after 28 days’ notice, the deadline will have lapsed and the Council will have missed the opportunity to bid to purchase this site.
Anticipated restriction: Fully Exempt - View reasons
Decision due: 25 Jul 2017 by Cabinet (Resources) Panel
Lead member: Cabinet Member for Resources
Lead director: Tim Johnson, Chief Executive
Contact: Anita Pearce, Senior Regeneration Officer Email: anita.pearce@wolverhampton.gov.uk Tel: 01902 551262.