To consider approval for the disposal of surplus Council owned assets to Sibsey Parish Council.

1.       That the land at Church Walk and Amos Way Sibsey, edged red on the plans at Appendices 1 and 2 to the report, be declared surplus to the Council’s requirements;

2.       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 of the land set out in Recommendation 1.

3.       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 Sibsey Parish Council at their restricted market value of £1 each, representing a notional undervalue of £224,998 be relied upon in the event that no representations are received by the Council in respect of Recommendation 2.

4.       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 and 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.