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Issue - meetings
Acquisition of Land in Ore Valley from HBRL
Meeting: 17/07/2017 - Cabinet (Item 18)
18 Acquisition of Land in Ore Valley from HBRL PDF 139 KB
(Cabinet Decision)
Additional documents:
Minutes:
The Director of Operational Services submitted a report which sought approval for the council to take ownership of an area of land known as the former Broomgrove Power Station site and areas of green space in Ore Valley. The site is currently owned by Hastings and Bexhill Renaissance Limited (HBRL). HBRL is in the process of being wound up and its assets transferred to East Sussex Energy Infrastructure and Development Limited (trading as Sea Change Sussex).
The Broomgrove Power Station sit was originally intended for residential use, however, the challenging nature of the site meant the development has not yet been realised.
The report sought approval for the transfer of the land from HBRL to council, together with £700k for the future development of the site, subject to the satisfactory completion of due diligence work. HBRL had agreed to share all previous reports on the condition of the land with the council; however, it will be necessary to commission a further study of options that will inform the future development of the site. A further report would then be brought to Cabinet which will include recommendations on the future use of the site and proposed management arrangements.
The recommendations of the Director of Operational Services report were agreed without being called for discussion.
RESOLVED that:
1) In consultation with the Deputy Leader of the Council, the Director of Operational Services and the Assistant Director Financial Services and Revenues are authorised to:
a. Conclude arrangements for the acquisition of the site and the capital receipt subject to satisfactory outcome of due diligence
b. Commission a report examining the optimum way(s) in which the site could be developed for the benefit of the local community
c. Agree the details of an agreement with HBRL or its successor bodies about the future use of the site and financial receipt this is informed by the outcome of the due diligence work and a study of potential development options as set out in section 16 of the report
2) That a future report be brought forward with proposals for the development of the site to include any recommendation for disposal if applicable
The reason for this decision was:
To facilitate the social and economic regeneration of Ore Valley and the surrounding are.
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