Decision

Resolved:
 
1.           
That the terms of a Community Asset Transfer of the Former Cattle
Market Site be agreed.   This would
be on a Subject to Contract basis and assume the following:

 
a.   
A freehold transfer at £0 consideration.

 
b.   
Conditions as highlighted in the Conclusions section of this
Report, namely, to deal with:
 
i.   use,
 
ii.  development activity on the site,
 
iii.  community access, including provisions to review
the
      same from time to time
(the premise being that this
      should align with the
prevailing community needs and
      Council strategy),
 
iv.  provisions for the Council to return the land to
its   
     ownership in the event of the
Club not delivering it’s
     stated Business Plan
objective,
 
v.  first option for the Council to purchase the land
back
    from the Club at £0.
 
2.           
That an updated external market transaction to assist compliance
with LGA 1972 requirements be progressed.

 
3.           
That a transaction of the Council owned land as described and
considered within the Report be effected.