Decision details

To approve recommendations for purchase and sale of assets and terms of leases

(over £1m – Cabinet decision, under £1m – Cabinet Member decision,

in consultation with the Leader)

Part 2

In the absence of the Cabinet Member for Assets and Regeneration Programmes, the Cabinet Member for Business Services introduced the reports for both Property Transactions.

(A) Disposal of Land as part of the Horley North West Sector Development

Cabinet was asked to approve the sale of land as part of the Horley North West Sector Development following further negotiations with the purchasers that takes the consideration payable above that approved at Cabinet on 28 February 2012.

RESOLVED:

(1)     That Cabinet confirms its previous commitment to approve the sale of land forming part of the North West Sector Development to the developer consortium (BDW Trading Limited, Taylor Wimpey UK Limited and Persimmon Homes Limited) on terms outlined in the submitted report.

(2)     That the Strategic Director for Business Services, in consultation with the Leader of the Council, be given authority to complete final negotiations on this disposal, including any variation of the terms and subject to there being no more than 10% variation in the sale price.

Reasons for Decisions:

The sale of land will result in the delivery of a major development scheme that will make a significant impact on the requirement to deliver housing for the area and produce capital receipts in support of the county councils investment strategy.

(B) Disposal of Land at Portesbery Road, Camberley

RESOLVED:

(1)     That the sale of land hatched on the plan, attached to the submitted report, extending to 0.3256 hectares, be approved to the bidder named in the report. The approval is conditional on planning consent being granted for a development scheme in connection with the adjoining Camberley Police Station site as set out in the report.

(2)     That a 10% variation in the sale price to reflect possible changes occurring during the planning process, be delegated to  the Strategic Director for Business Services, in consultation with the Leader of the Council.

Reasons for Decisions:

The sale of land at Portesbery Road Camberley is required to contribute towards the county council’s Investment Strategy and to dispose of a parcel of land no longer required to support service delivery or generate a significant income.