Land Disposals Minutes

This is reference to land disposals on the agenda of the TWC Council & Cabinet meeting on 22 September:

DISPOSAL OF LAND OFF STATION ROAD, NEWPORT

Key Decision identified as Corporate Property Amendments in the Forward Plan published on 16th August 2011.

Councillor R.A. Overton, Deputy Leader, presented the report of the Head of Property & ICT which sought authority for the disposal of land off Station Road, Newport, and to enter into a Joint Venture agreement for the proposed development in south west Newport.

The Council was the owner of 4.57ha of land off Station Road, which had been identified as being suitable for retail development. The report contained details of bids received for the site, along with proposals to enter into a Joint Venture Agreement with other landowners in South West Newport for the purposes of maximising the development potential of the land. Further detailed financial information was also provided.

Public exhibitions of the development proposals had been held in Newport prior to the submission of a planning application. There would also be a full consultation as part of the planning process.

RESOLVED –

(a)        that authority be delegated to the Head of Property & ICT, in consultation with the Cabinet Member: Resources & Service Delivery, to negotiate and enter into a conditional contract for the sale of land off Station Road, Newport as shown indicatively only on the plan appended at Appendix 1 of the report;

(b)       that authority be delegated to the Head of Property & ICT, in consultation with the Cabinet Member: Resources & Service Delivery, to negotiate and enter into a Joint Venture agreement to procure development in South West Newport;

(c)        that authority be delegated to the Head of Property & ICT, in consultation with the Cabinet Member: Resources & Service Delivery to negotiate and enter into any other agreements necessary to procure development in South West Newport as described in the report;

(d)       that authority be delegated to the Head of Governance to execute all legal documentation to give effect to the above resolutions;

(e)        that it be noted that an Outline Planning Application for South West Newport and a detailed Planning Application for the land off Station Road would be made shortly, and that these would be dealt with separately by the Council’s Plans Board.

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