LAND AT BEAUMONT LEYS - ITEM OF URGENT BUSINESS
The Director of Environment and Development submits a report under Any Other Urgent Business
Minutes:
The Director of Environment and Development submitted a report as Urgent Business seeking approval to a proposed property transaction in respect of land at Leycroft Road, Beaumont Leys.
RESOLVED:-
(1) that the interest in the land identified in the report is acquired by the City Council by way of the surrender of part of the current lease and disposal of the Council’s freehold revision in respect of the remainder of lease (or such other legal procedure as may be agreed between the parties) in accordance with the terms set out in the above summary;
(2) that the Director of Environment and Development be delegated authority, in consultation with the Cabinet member with the portfolio for Finance, Resources and Equal Opportunities, to agree any additional terms to those now reported;
(3) that a capital sum as identified in the report, to be funded from the Regeneration block sum be approved to cover payment to the current lessees of the land in question.