Decision details

Proposed Disposal of Council Owned Assets to Coningsby Town Council:

Decision Maker: Executive Board

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: Yes

Decision:

  1. That the land at Hudson Drive and Curtis Drive, Coningsby, edged red on the plans at Appendix 2 of the report be declared surplus to the Council’s requirement;

 

  1. That the Deputy Chief Executive, Programme Delivery and Assistant Director - General Fund Assets be delegated authority to follow the advertising process set out by Section 123 (2A) of the Local Government Act, 1972, in respect the land set out in Recommendation 1.

 

  1. That the lawful exemptions set out within The Local Government Act 1972: General Disposal Consent (England) 2003 to agree the disposal of the freehold title of the two plots of land set out in Recommendation 1, to Coningsby Town Council at their restricted market value of £1 each, representing a notional undervalue of £8,998 be relied upon in the event that no representations are received by the Council in respect of recommendation 2.

 

  1. That the Deputy Chief Executive, Programme Delivery and Assistant Director - General Fund Assets be delegated authority to protect the Council’s future position by specifying appropriate Restrictive Covenants within any resulting conveyance, including an 80% overage clause on both assets.

 

In the event that any representations are made to the Council in respect of recommendation 2, recommendations 3 and 4 cannot take effect and the Executive will need to formally consider any representations made before making a final decision.

Report author: Andrew Sweeney

Publication date: 04/04/2025

Date of decision: 02/04/2025

Decided at meeting: 02/04/2025 - Executive Board

Effective from: 16/04/2025

Current call-in Count: 0

Accompanying Documents: