The reasons for urgency were agreed.

The exempt appendix to the report was noted.

DECISION

1.    To note that the Council land at Ailsa Street, Lochnagar Street and Bromley Hall Road E14, as shown on the plan at Appendix A to the report, was confirmed by Cabinet as being surplus to the Council’s requirements in November 2017.

2.    To agree to the disposal of the Council’s freehold interest in the Council land to London River Lea One Ltd on the terms set out in the report.

3.    To authorise the Corporate Director of Place, to agree to any subsequent minor or favourable variations to the terms and the precise boundaries of the Council land to be sold, in order to implement the recommendation above.

4.    To agree to delegate authority to the Corporate Director of Place to decide whether the Council will acquire the affordable housing units to be provided within the scheme and whether to acquire a further 5% of the total number of units provided, for use as additional affordable housing, or to meet other housing objectives.

5.    To agree to delegate authority to the Corporate Director of Place to agree the terms for both of the acquisitions mentioned in recommendation 4 above.

6.    To authorise the Corporate Director of Place of to agree to any subsequent minor or favourable variations to the terms and the precise boundaries of the land to be sold, in order to implement the recommendations above.

7.    To authorise the Corporate Director of Place, to enter into the necessary legal agreements required to implement the recommendations above.

8.    To note the equalities considerations as set out in section 7 of the report.

Action by:

CORPORATE DIRECTOR, PLACE (A. SUTCLIFFE)

(Acting Divisional Director, Property and Major Programmes (R. Chilcott)

The Mayor introduced the report on the proposed disposal of land on Ailsa Street. He agreed the reasons for urgency as set out in the report, namely that:

“The report cannot await the next scheduled meeting of Cabinet in May because the purchasers of the Council land, who are the developers of the Ailsa Street scheme, have indicated that an earlier decision is required in order to fit with its development timetable.  The negotiations with the developers have recently been concluded, with insufficient time for the report to be finalised and published at least five days prior to the meeting.  However it should be noted that the forthcoming decision notice was published in May 2018”.

He highlighted that discussions with the developers had ensured the Council was securing a number of benefits following disposal of the land and that by disposing of this land a valuable development could take place with a provision for affordable housing. On balance he therefore considered this was the right action to take.

The Mayor agreed that the appendix was exempt through Paragraph 3 of Part 1 of Schedule 12A of the 1972 Local Government Act and noted its contents.

He agreed the recommendations as set out.

RESOLVED

1.    To note that the Council land at Ailsa Street, Lochnagar Street and Bromley Hall Road E14, as shown on the plan at Appendix A to the report, was confirmed by Cabinet as being surplus to the Council’s requirements in November 2017.

2.    To agree to the disposal of the Council’s freehold interest in the Council land to London River Lea One Ltd on the terms set out in the report.

3.    To authorise the Corporate Director of Place, to agree to any subsequent minor or favourable variations to the terms and the precise boundaries of the Council land to be sold, in order to implement the recommendation above.

4.    To agree to delegate authority to the Corporate Director of Place to decide whether the Council will acquire the affordable housing units to be provided within the scheme and whether to acquire a further 5% of the total number of units provided, for use as additional affordable housing, or to meet other housing objectives.

5.    To agree to delegate authority to the Corporate Director of Place to agree the terms for both of the acquisitions mentioned in recommendation 4 above.

6.    To authorise the Corporate Director of Place of to agree to any subsequent minor or favourable variations to the terms and the precise boundaries of the land to be sold, in order to implement the recommendations above.

7.    To authorise the Corporate Director of Place, to enter into the necessary legal agreements required to implement the recommendations above.

8.    To note the equalities considerations as set out in section 7 of the report.