Decision details

The Kier Asset Management Team submitted a report seeking approval for revised terms for the disposal of the site of the former Newbold School.

The report set out revised terms for the disposal of the site to those approved by Cabinet on 22 September, 2015 (Minute No. 79, 2015/16).  The revised terms for the disposal of the site had been negotiated in response to the buyer of the site advising the council that after site investigations, it had become apparent that a number of costly on and off site works were required in order to deliver housing on the site, and that these costs were in excess of the buyer’s standard build costs. The officers’ report contained details the required works, their related costs and of the proposed revised terms for the disposal of the site.

*RESOLVED –

1.   That the site of the former Newbold School be sold on the terms set out in the officer’s report.

2.   That the Procurement and Contracts Law Manager, in consultation with Kier Asset Management’s surveyor and Derbyshire County Council’s surveyor, be delegated authority to agree any late amendments to the contract as necessary.

REASONS FOR DECISIONS

To secure a capital receipt for both Councils, to sell an unused brownfield site, and procure much needed housing for the Borough.

To enable last minute adjustments to the contract if necessary without seeking formal approval, which could cause undue delay to the sale.