Purpose

The Council owns a very small area of land
adjacent to the former Bull Public House on Rainham Road
South.  Developers intend to bring
forward a development at the site and it is considered that a
better public frontage at the prominent location can be achieved
with the inclusion of the Council’s land.
 
The Cabinet will be asked to consider the sale
of the Council-owned land based on an independent valuation and
other terms.

Content

The Council owns a very small area of land
adjacent to the former Bull Public House on Rainham Road
South.  Developers intend to bring
forward a development at the site and it is considered that a
better public frontage at the prominent location can be achieved
with the inclusion of the Council’s land.
 
The Cabinet will be asked to consider the sale
of the Council-owned land based on an independent valuation and
other terms.

Cabinet resolved
to:
 
(i)  Agree
that the Council disposes of the area of land, as shown edged red
in the plan at Appendix 1 to the report, to Rainham Road South
Limited (a subsidiary of Hollybrook) on the terms set out in
Appendix 2 to the report;
 
(ii)  Delegate
authority to the Strategic Director, Inclusive Growth, in
consultation with the Head of Legal Services and the Cabinet Member
for Regeneration and Economic Development, to agree the final terms
and contract documentation to fully implement the sale of the site;
and
 
(iii)  Authorise the Head
of Legal Services, or an authorised delegate on their behalf, to
execute all the legal agreements, contracts, and other documents on
behalf of the Council.