Issue - meetings

Report of the Estates Surveyor.

The Estates Surveyor presented a report, which had been circulated prior to the meeting, seeking Cabinet’s approval to enter an agreement to jointly market and sell land at Teal Close, part of which is owned by the Council, and to authorise the Corporate Director, in consultation with the Portfolio Holder, to agree the final Heads of Terms for the Landowner Agreement and the final sale price at no less than the minimum price.

RESOLVED that:

1)    The Council enters into a Landowners Agreement with MLPL/NT to facilitate the sale of the Residential Land and sets out the way in which the net sale proceeds are shared between the parties and the historic and current costs of promotion and disposal are split;

2)    The Council’s Land is marketed as part of the Residential Land  by a marketing agent appointed jointly by the Council and MLPL instead of following the tender process set out in  the Council’s Standing Orders for Dealings with Land;

3)    The Corporate Director be authorised to agree the appointment of the said agent on behalf of the Council;

4)    The Corporate Director, in consultation with the Portfolio Holder for the Environment, be authorised to agree the final Heads of Terms for the Landowner Agreement; and

5)    The Corporate Director, in consultation with the Portfolio Holder for the Environment, be authorised to agree the final sale price at no less than the Minimum Price.