Decision details

Release of Restrictive Covenan-Land formerly owned at Leckhampton Industrial Estate, 205 Leckhampton Road, Cheltenham

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

Agree with the recommendation to release the restrictive covenant

Decision:

RESOLVED THAT

 

  1. a modification agreement be agreed which allows the council to benefit from any uplift in value, pertaining to a change of use from B2 General Industrial, in proportion to the area of land previously sold by the council (0.18ha).
  2. the Head of Property and Asset Management be authorised, in consultation with the Cabinet Member Finance, to negotiate and conclude an Agreement with the owner of Leckhampton Industrial Estate granting that owner the right, within a period of  5 years from the date of the Agreement, to call for the variation of the Covenant restricting the use of the area of land described in the report upon payment of such sum determined by the Head of Property and Asset Management as being the market value for such variation.

Reason No Public Access: Para 3 of part 1 Schedule 12 A Local Govt Act 1972

Contact: Email: [email protected] Email: [email protected].

Report author: David Roberts

Publication date: 17/01/2013

Date of decision: 15/01/2013

Decided at meeting: 15/01/2013 - Cabinet

Effective from: 25/01/2013

Accompanying Documents: