Cabinet Member for Finance and Performance

The Cabinet Member for Finance and Performance introduced the report which sought approval to transfer land at Minster Cliffs. 

A Member asked whether any adjacent properties, that might provide access to the site, had been marketed?  The Cabinet Member for Finance and Performance agreed to find out.

Members discussed the topology of the site and the ratio of the financial split.  The Chief Executive advised that the valuation had been undertaken and was in accordance with the RICS red book.

Resolved:

(1)  That, on behalf of the Council, Cabinet agrees to transfer the freehold interest in its land at Minster Cliffs Estate forming part of the proposed development site for the sum agreed.

(2) That the Head of Property Services in consultation with the Cabinet Member for Finance and Performance be authorised to finalise the terms and the Head of Legal Services be authorised to complete the necessary legal formalities in due course.