Issue - meetings

Kings Hill - disposal of Areas 1, 12 and 63 (Phase 3)

 

 

Meeting: 21/02/2017 - Property Sub-Committee (Item 95)

95 Report of Urgent Decision - Sale of land at Kings Hill - Parcels 1, 12 and 63 pdf icon PDF 59 KB

To note information relating to an urgent decision taken, in accordance with the process set out at Appendix 4 Part 6 paragraphs 6.12 and 6.13 of the council’s constitution, by the Cabinet Member for Corporate and Democratic Services in December 2016

Additional documents:

Minutes:

Mr M Hyland, Kings Hill Project Coordinator, Economic Development, was in attendance for this item.

 

1.            Mr Hyland responded to questions of detail from Members and explained that it was usual to include in land transactions a delegation to the Director of Infrastructure to negotiate a variance in sale price, and the scope for this level of variance would normally be in the region of 15%, as was the case in this transaction.

 

2.            The Cabinet Member, Mr Cooke, explained that the decision had been taken under the County Council’s procedure for taking urgent decisions to allow the Council to achieve best value from the sale of the parcels of land concerned.  Although it was always preferable to avoid urgent decisions whenever possible, it was occasionally necessary to proceed quickly to achieve best value for public money. He added that he hoped not to have to take further urgent decisions in relation to this issue.

 

3.            RESOLVED that the information set out in the report be noted.