Issue - meetings

Overview and Scrutiny Panel recommendations to Cabinet - proposal for the disposal of the Dreamland freehold

Meeting: 02/09/2019 - Cabinet (Item 589)

589 Overview and Scrutiny Panel recommendations to Cabinet - proposal for the disposal of the Dreamland freehold pdf icon PDF 93 KB

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Minutes:

Cabinet considered the recommendations from the Overview and Scrutiny Panel. Members were reminded that seeking a second valuation whilst being a good idea would be an additional significant cost to the Council.

 

The meeting was further advised that this was the start of a process, where some of the views proposed by Cabinet at the meeting on 01 August 2019 would be subject to negotiation with the developer as they were not the final position.

 

The following Members spoke under Council Procedure Rule 20.1:

 

Councillor Everitt;

Councillor Yates;

Councillor Campbell.

 

Councillor Bayford proposed, Councillor Ashbee seconded and Cabinet agreed the following:

 

1.  To authorise another market valuation of the Dreamland site in order to ensure that sufficient breadth of comparable evidence is considered for the sale. Both valuations to be used to demonstrate that best value is obtained.

 

2.  To retain the proposed 10 year housing development restriction on the Dreamland site as agreed by Cabinet on 01 August 2019. Delegated officers to continue the negotiations to explore the suggested extension fully as part of the sale process.