Decision details

In the absence of the Cabinet Member for Business Services and Resident Experience, the Deputy Leader requested that Cabinet authorised the agreement to the planning overage payable at completion in respect of the sale of land at Portesbery Road, Camberley.

RESOLVED:

That the completion of the sale of land hatched on the attached plan in Annex 1, of the submitted report, extending to 0.3256 hectares to Cala Homes at the increased price, as set out in the report.

Reasons for Decisions:

Exchange of Contracts on a subject to planning basis took place in 2014, following which the developer secured detailed planning consent.

As a result of agreed provisions in the contract, the consideration to be paid by the developer for the element of the site owned by Surrey County Council has increased.

As this was in excess of the 10% tolerance figure that was delegated to officers in the original April 2014 Cabinet report. Further approval is therefore required from Cabinet to accept this uplift in consideration received by the Council before completion can take place.