Issue details

Disposal Of Plots 7 & 8 Fletton Quays [Whitworth Mill] - KEY/30MAR20/02

 

 

The Cabinet Member considered exercising delegated authority under para 3.4.3 and 3.4.8 of part 3 of the constitution in accordance with the terms of their portfolios at q and:

 

1.    Approved the disposal of the Whitworth Mill site (plot 7) and the adjacent site (plot 8) to Samsons Property Limited who made the highest unconditional bid for the sites which were marketed through an open bidding process, managed by local property agent Barker Storey Matthews;

2.    Approved conditions attaching to the sale namely that a planning application is submitted within 18 months of exchange of the sale contract and construction is to be completed within 3 years of exchange.

3.    Authorised the Director for Legal and Governance and the Executive Director Place and Economy to enter into the necessary legal documentation to ensure the satisfactory completion of the disposal of sites 7 and 8.

 

Decision type: Key

Reason Key: Expenditure or savings greater than £500,000;

Decision status: Recommendations Approved

Wards affected: Central;

Notice of proposed decision first published: 28/02/2020

Anticipated restriction: Part exempt  - View reasons

Explanation of anticipated restriction:
Appendix 1 is NOT FOR PUBLICATION in accordance with paragraph (s) 3 of Schedule 12A of Part 1 of the Local Government Act 1972 in that it contains commercially sensitive information relating to bids made by developers in response to the tendered opportunity. The public interest test has been applied to the information contained within the exempt appendix and it is considered that the need to retain the information as exempt outweighs the public interest in disclosing it

Decision due: 20 Apr 2020 by Cabinet Member for Strategic Planning and Commercial Strategy and Investments

Lead member: Cabinet Member for Strategic Planning and Commercial Strategy and Investments

Lead director: Executive Director Place and Economy

Department: Place and Economy

Contact: Dave Anderson, Interim Development Director Dave Anderson , Interim Development Director – Email:  dave.anderson@peterborough.gov.uk.

Consultation process

Relevant internal and external stakeholders.

 

Relevant Scrutiny Committee: Growth, Environment and Resources Scrutiny Committee

Decisions

Documents