The Freehold Disposal of land at Elms Field Farm and Surrender of Leasehold Interest
Report of the Executive Director of Place
(Listing Officer: J Grant, Tel: 024 7683 3674)
Additional documents:
Minutes:
Further to Minute 73 above, the Cabinet considered a report of the Executive Director of Place, which set out the commercially confidential aspects of the proposal for the freehold disposal of land at Elms Field Farm and the surrender of a leasehold interest.
RESOLVED that the Cabinet:-
1. Authorise the Council to enter into an agreement for surrender with the person identified within the report submitted, in respect of the Lease and subject to the successful freehold disposal of the development site to complete a deed of surrender and pay the agreed surrender premium of the amount indicated in the report.
2. Approve the preparation and submission of an outline planning application for residential development of the land at Elms Field Farm, Wigston Road.
3. Approve the marketing and disposal of the site by tender.
4. Delegate authority to the Executive Director of Place in consultation with the Cabinet Member for Business, Enterprise & Employment, for any subsequent variation in terms.
5. Delegated authority to the Executive Director of Resources to prepare and complete the necessary documentation to facilitate the agreement for surrender and the freehold sale.