Decision details

Decision:

(1)   That the Council enters into a deed of release of the restrictive covenant, a variation of the user covenant and grant of additional rights for the land known as the Former Pond Meadows Training Centre.

(2)   That the transaction be completed for nil consideration.

(3)   That the Head of Asset Management be authorised, in consultation with the Chief Finance Officer, and the Lead Councillor for Finance and Assets, to agree the terms for the deed of release; in accordance with the draft heads of terms set out in Appendix 1 to the report

Reason:

To allow Surrey County Council to re-develop the subject site to provide a 50-bed extra care facility within the Borough.

Other options considered and rejected by the Executive:

·       Demand that SCC pay £207,500, and ensure the Council obtains best value.

·       Discount the above figure by an amount that is proportionate to the potential service provision savings or benefit to the community.

Details of any conflict of interest declared by the lead or lead councillors and any dispensation granted:

None.