Purpose

Beechbarn Farm and Park and Parkside Farm part disposal and part surrender

Decision

DECISION: The Cabinet agreed to:

      I.         Agree, subject to obtaining the consent of (i) the Secretary of State (Ministry of Housing, Communities and Local Government) and (ii) the Duchy of Lancaster, to the sale of agricultural land to the south of The Ridgeway and north of Hadley Road comprising approximately 54.77 hectares (135.37acres), to the buyers referred to in the Part 2 Confidential Appendix.

    II.         Delegate authority to the Executive Director of Housing and Regeneration, in consultation with the Director of Finance and the Director of Law and Governance, to take all necessary steps including agreeing final terms and entering into all necessary agreements to facilitate the following decisions noting the proposed terms are set out in the Part 2 Confidential Appendix and the legal agreements to be entered into will be subject to the approval of the Director of Law and Governance.

The recommendations proposed allow:

a.    the agreement of final terms required to facilitate the sale of the land;

b.    the agreement of final terms in relation to any overage payment;

c.     negotiation of agreements as may be required with any third party where third-party rights affect the land;

d.    agreement to the Council submitting applications to the Ministry of Housing, Communities and Local Government and the Duchy of Lancaster for consent to sell the land and for the release of the restrictive covenants

e.    agreement of any variation to the sale price within acceptable valuation limits.

f.      agreement of any variation to the rent on any lease in accordance with Council procedures