Decision details

Sale of land via landowner agreement at Teal Close, Netherfield

Reference: D274

Decision Maker: Deputy Chief Executive and Director of Finance

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Purpose:

To : a)allow Savills to act as marketing agents for sale of the Council’s land at Teal Close b)approve finalised confidential Heads of Terms (confidential by virtue of paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972)

Decision:

That: a) Savills be allowed to act as marketing agents for sale of the Council’s shown coluored pink on the attached plan land at Teal Close b) finalised confidential Heads of Terms are agreed

Reasons for the decision:

To allow the Council to take the next step in selling its land at Teal Close in accordance with the Report to Cabinet dated 13 November 2014.

Alternative options considered:

An alternative would be to not agree to the marketing agents or finalised Heads of Terms. As sale on the agreed terms and with these marketing agents are considered to be the most beneficial to the Council not agreeing would not be in the Council’s best interests.

Publication date: 17/12/2014

Date of decision: 17/12/2014

Accompanying Documents: