Decision details

Sale of Option - Nursery Lane Depot*- MAR23/CAB/105

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


Disposal of Land and Buildings 




Cabinet considered the report and RESOLVED to approve:


1.     That the Council enters into an Option Agreement with Cambridgeshire and Peterborough Combined Authority for the disposal of the freehold land at Nursery Lane Depot at Market Value but subject to all current constraints being resolved, as detailed below and in the exempt annex.


2.     That authority is delegated to the Executive Director of Corporate Services and Director of Law and Governance after consultation with the Cabinet Member for Finance and Corporate Governance to take all necessary steps to negotiate the terms of the option agreement following receipt of satisfactory, legal and property advice on the terms of the option agreement.


Reasons for the decision:

A new bus depot would enable the Council to achieve a future-proofed, accessible, and sustainable public transport system.


Alternative options considered:

The Council could decide not to agree to the disposal of the site to CPCA but this could risk the grant funding secured and capital receipt programme.


Interests and Nature of Interests Declared:


Background Documents:


Publication date: 23/03/2023

Date of decision: 23/03/2023

Decided at meeting: 23/03/2023 - Cabinet

Effective from: 29/03/2023

Accompanying Documents: