The Cabinet Member is asked to agree to sell:
1. Area 1 Kings Hill - 4.018 Ha/9.928 Ac (134 units) Private residential development;
2. Area 12 Kings Hill - 1.30Ha/3.2Ac (100 units) Age related housing development,
3. Area 63 Kings Hill – 1.32Ha/3.26Ac (44units) Private residential housing development.
All on the terms set out in the Exempt Report and to delegate authority to the Director of Infrastructure, in consultation with the Cabinet Member for Corporate and Democratic Services, to finalise the selected purchaser and terms of the proposed sale.
It is acknowledged that the sale prices in the report may vary and a scope of 15% either way may be negotiated by the Director without recourse to further formal decision making but in consultation with the Cabinet Member for Corporate and Democratic Services.