Decision details

To seek approval for the transfer of the freehold interest in the open space at the Spring Lane Development (Lime Tree Gardens), Mapperley, as shown edged red in the plan at Appendix 1, from Taylor Wimpey (the Developer) to the Council.

THAT:
Approval is granted to accept the transfer of the freehold in the open space at the Lime Tree Gardens as shown outline in red at Appendix 1 for the Council to maintain going forward.

The reasons for these recommendations are as follows:
(a)Transfer of the open space to the Council will ensure that the land is managed in accordance with the Council’s policies.
(b)The Council is contractually obliged to accept transfer of the open space.

An alternative option could be not to adopt the open space. However, as the Council has already contracted to accept transfer there is no guarantee that any renegotiation would be possible. It also unlikely that the terms of any new agreement would be any more favourable than the current agreement.