Issue - meetings

To receive the report of the Cabinet Member for Finance and Assets on the proposed sale of land at Holbrook School Lane, Horsham

            RESOLVED

            (i)         That the terms of the release of the restrictive covenant be approved.

            (ii)        That the proposal to sell the land be approved.

(iii)       That the Director of Planning, Economic Development & Property be authorised to approve the final sale consideration.

REASONS

Delegated authority to agree the final price was sought in order to achieve commercial expediency.

The Cabinet Member for Finance and Assets reported that the Council currently owned a parcel of land in Holbrook School Lane, North Horsham, which had been acquired under a S106 agreement for the development of a scout headquarters building.  The property had been transferred to the council in 1999 and, whilst attempts had been made to use the site for the designated purpose, this had not happened.

Discussions had taken place with the beneficiary of the restrictive covenant and, subject to Cabinet approval, it had been agreed for the covenants to be released for a consideration to enable the sale of the land for development.

The Finance and Assets Policy Development Advisory Group supported the proposal.

            RESOLVED

            (i)         That the terms of the release of the restrictive covenant be approved.

            (ii)        That the proposal to sell the land be approved.

(iii)       That the Director of Planning, Economic Development & Property be authorised to approve the final sale consideration.

REASONS

Delegated authority to agree the final price was sought in order to achieve commercial expediency.