Decision details
Enter into Bridge Park Conditional Land Sale Agreement
Decision Maker: Strategic Director, Resources
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decision:
That approval be given under this delegated
authority to enter into the Bridge Park Conditional Land Sale
Agreement (CLSA) with the "Purchaser" a UK registered subsidiary
company (still to be formed) that has General Mediterranean
Holdings SA as the parent company and Harborough Invest Inc as the
second guarantor. Confirm that the sale of the Council's surplus
land to the Purchaser under this CLSA is subject to the following
Conditions: • Planning Condition • Vacant Possession
Condition • Financial Viability Condition
Reasons for the decision:
Please refer to attached report.
Alternative options considered:
Please refer to attached report.
Cabinet/Committee Decision or Scheme of Delegation: On 16th January 2017, Cabinet delegated authority to the Strategic Director, Resources, consultation with the Portfolio Lead Member for Property, in respect the negotiation and entering of a Conditional Land Sale Agreement with the “Purchaser” and awarding any professional services contracts relating to progressing the redevelopment plans for a new leisure centre at Bridge Park.
Parties Consulted: Portfolio Lead Member for Property
Contact: Althea Loderick Tel: 0208 937 1564.
Publication date: 06/04/2017
Date of decision: 24/03/2017
Accompanying Documents: