Issue - meetings

To receive a report which requests that Phase 3 Land areas 10, 11 and 15 be drawn down and sold subject to contract on the terms provided in the exempt appendix C in accordance with the Kings Hill Development Agreement dated 18th January 1989, as amended by the Deed of Variation 23 January 2018.

Mr Hyland (Project Co-ordinator – Kings Hill) and Ms Ripley (Head of Property Strategy and Commissioning) were in attendance for this item.

1.        Mr Hyland introduced the report which set out the proposal to draw-down and sell Phase 3 Land areas 10, 11 and 15.

Mr Hyland responded to comments and questions from Members, including the following: -

a)    Mr Hyland explained the restrictive covenants of the contractual arrangements, sale and purchase agreement for the land transaction.

b)    Mr Hyland confirmed that the plans would be implemented almost immediately upon legal completion.

c)    Mr Hyland referred to the figures within the report and said that Phase 3 provided a total of 635 houses.

2.        RESOLVED that the decision proposed to be taken by the Cabinet Member for Corporate and Democratic Services, to:

a)    note the terms of the disposal proposed by the partnership;

b)    agree to the draw-down of land areas 10, 11 and 15 in accordance with the Kings Hill Partnership 1989 and subsequent agreements; and

c)    delegate to the Director of Infrastructure, in consultation with the Head of Paid Service and General Counsel, the finalisation of the process for draw-down in accordance with the provisions set out in the Kings Hill provisions within the Constitution’s Property Management Protocol and the Kings Hill Partnership Agreement,

be endorsed.