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Issue - meetings
Acquisition of land in Ore Valley
Meeting: 07/10/2019 - Cabinet (Item 205)
205 Acquisition of land in Ore Valley PDF 124 KB
Additional documents:
Decision:
1. To purchase the freehold of the land.
2. To fund the initial repairs and maintenance costs from the Council’s reserves (Ore Valley Reserve), estimated at some £57,000 (excluding VAT).
3. The Director of Operational Services considers options for the long term management and maintenance arrangements of this area of land and brings forward a further report if necessary.
4. The Ore Valley reserve is used to fund the ongoing maintenance and inspection costs of the land transferred until the long term arrangements are in place
Minutes:
The Assistant Director, Financial Services and Revenues submitted a report to seek approval for Hastings Borough Council to take ownership of areas of green space in the Ore Valley.
The report was presented by the Director of Corporate Services and Governance and the Estates Manager.
In July 2017 Cabinet resolved to take ownership of the Former Power Station site and green space in the Ore Valley from Hastings & Bexhill Renaissance Ltd (HBRL) subject to the outcome of due diligence.
HBRL are now marketing the site inviting offers.
The land comprises 2 parcels of land east and west of Broomgrove Road and measuring approximately 3.66 hectares and 1.27 hectares.
Due diligence has been undertaken and both the Council and HBRL wish to proceed with the transfer of the green space land as it is intended that HBRL is wound up.
It was noted that the Council may consider looking at ways to protect the land from future development.
Councillor Chowney proposed approval of the recommendations, seconded by Councillor Evans.
RESOLVED (unanimously):
1. To purchase the freehold of the land.
2. To fund the initial repairs and maintenance costs from the Council’s reserves (Ore Valley Reserve), estimated at some £57,000 (excluding VAT).
3. The Director of Operational Services considers options for the long term management and maintenance arrangements of this area of land and brings forward a further report if necessary.
4. The Ore Valley reserve is used to fund the ongoing maintenance and inspection costs of the land transferred until the long term arrangements are in place.
Reasons for the decision:To enable the social and economic regeneration of Ore Valley and the surrounding area.
There are significant responsibilities in owning land, and the initial costs of making the land accessible can be funded from a reserve set aside for this particular purpose.
The Assistant Director, Financial Services and Revenues submitted a report to seek approval for Hastings Borough Council to take ownership of areas of green space in the Ore Valley.
The report was presented by the Director of Corporate Services and Governance and the Estates Manager.
In July 2017 Cabinet resolved to take ownership of the Former Power Station site and green space in the Ore Valley from Hastings & Bexhill Renaissance Ltd (HBRL) subject to the outcome of due diligence.
HBRL are now marketing the site inviting offers.
The land comprises 2 parcels of land east and west of Broomgrove Road and measuring approximately 3.66 hectares and 1.27 hectares.
Due diligence has been undertaken and both the Council and HBRL wish to proceed with the transfer of the green space land as it is intended that HBRL is wound up.
It was noted that the Council may consider looking at ways to protect the land from future development.
Councillor Chowney proposed approval of the recommendations, seconded by Councillor Evans.
RESOLVED (unanimously):
1. To purchase the freehold of the land.
2. To fund the initial repairs and maintenance costs from the Council’s reserves (Ore Valley Reserve), estimated at some ... view the full minutes text for item 205
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