Issue - meetings

Report from the Executive Director – Housing, Regeneration & Development.  (Key decision – reference number 5624)

TO FOLLOW

(This item contains exempt information as defined in Paragraph 3 (information relating to the financial or business affairs of any particular person – including the authority holding that information) of Schedule 12A to the Local Government Act 1972, as amended).

Cllr Tim Leaver (Cabinet Member for Finance and Procurement) introduced the Part 1 and 2 report of the Executive Director – Housing, Regeneration and Development, seeking approval for the business case and proposed disposal route for the sale of the Claverings Industrial Estate, and providing an update on the initiatives undertaken to date. The broad timetable was set out in the report, and it was hoped that plans would be implemented early in 2024.

The Leader noted that any proposals for the site would be subject to the usual processes and application for planning permission. Community groups at the site would welcome investment to a better location.

Members discussed further details in respect of the information set out in the Part 2 (Confidential) report also found on the agenda, following the resolution excluding the press and public from the meeting.

DECISION:  The Cabinet agreed :

I. To agree the open marketing for sale of The Claverings Industrial Estate.

II. To agree that the decision on the weightings for the assessment of bids be delegated to the Executive Director Place, in consultation with the Executive Director of Resources and Director of Law & Governance, as per the Part 2 report.

III. To authorise the Director of Property to take necessary action to deal with existing third-party rights affecting the site, including terminating leases and licenses, or surrender or variation of leases and licences and other land interests, to facilitate site optimisation, in accordance with the Council’s Property Procedure Rules.

IV. To authorise the Director of Property to agree the final sale terms in consultation with the Executive Director of Resources.

V. To note that all agreements to be entered into as contemplated by this report are to be approved by Legal Services on behalf of the Director of Law and Governance.

The report sets out the options considered, if any, and the reasons for the recommendations and the decision.

(Key decision – reference number 5624)