Decision details

Sale of Arle Nursery

Decision Maker: Cabinet Member for Finance and Assets (Deputy Leader)

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

Sale of Arle Nursery through a conditional agreement, subject to planning, on terms negotiated to deliver best consideration under s.123 Local Government Act 1972, in accordance with the previous Decision of Cabinet of 10th July 2018

Reasons for the decision:

1.   To deliver revenue savings from disposal of redundant, surplus asset

2.   To secure best consideration

3.   To generate a capital receipt to help deliver the council’s capital programme

4.   To enable the delivery of some 153 mixed tenure dwellings, including both affordable to rent and shared ownership

5.   To secure development of an allocated housing site in accordance with the Cheltenham Plan

6.   To maximise delivery of social value, including the creation of local employment and training opportunities

7.   To deliver future revenue income through council tax receipts and potentially, new homes bonus

Alternative options considered:

n/a

Other reasons / organisations consulted

Internal consultation resulted in support for the decision

Contact: Peter Woodley, Principal Estates Surveyor Email: [email protected].

Publication date: 02/09/2022

Date of decision: 26/08/2022

Effective from: 10/09/2022

Accompanying Documents: