Decision details

To consider the recommendations

RESOLVED THAT

1.    the disposal (on the basis of a long lease with the option to purchase the freehold) of the land adjoining the Churchdown Community Association building as delineated on the plan in Appendix 2 be agreed for the sum of £740,000 (which will be shared equally by the 3 parties i.e. £246,666 each)  for the purpose of building a new doctors’ surgery 

2.    the disposal at £640,000 ( £213,333 each ) be agreed if the developer subsequently discovers that the land is contaminated.

3.    the Head of Property in consultation with the  Borough Solicitor and the Acting Head of Asset Management for Gloucester City Council be authorised to conclude the necessary negotiations and terms and enter into documents as are appropriate to complete the disposal.