Issue - meetings

B Report of the Director of Finance and Support

The sale of three separate parcels of land at Green Street has been agreed in return for a minimum agreed payment from West Northamptonshire Development Corporation (WNDC) and on such other terms as shall be approved by the Director of Finance and Support, acting in consultation with the Portfolio holder for Finance.

Councillors Church and Woods withdrew from the meeting having declared a prejudicial interest in this item.  Councillor B Hoare assumed the Chair.

Councillor Perkins presented the report to Cabinet and confirmed that the purpose was to seek the authority of Cabinet to dispose of freehold parcels of land at Green Street to West Northamptonshire Development Corporation.  He confirmed this was not on the Forward Plan but had the support of the Overview and Scrutiny Chair.

Councillor B Hoare acknowledged that the land could be undervalued but any land value uplifts could be shared and wanted to support WNDC to bring together a more comprehensive scheme.

RESOLVED

That Cabinet agreed to the sale of three separate parcels of land at Green Street (shown edged red upon the attached plan in Appendix 1) in return for a minimum payment from West Northamptonshire Development Corporation (WNDC) of £210,000 (two hundred and ten thousand pounds) and on such other terms as shall be approved by the Director of Finance and Support, acting in consultation with the Portfolio holder for Finance.