Decision details

Disposal of Land at Blackshaw Lane, Royton

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decisions:

Consideration was given to a report of the Deputy Chief Executive, which sought approval to dispose of the Freehold Interest of land at Blackshaw Lane, Royton (Asset No: L02076).

The land, shown edged red at appendix 1 to report had been designated as Phase 1 Housing allocation in the Joint Core strategy and Development Management Policies, Development Plan documents adopted in November 2011.

It was proposed to put the site back onto the open market and an outline planning application had been resubmitted. If this was approved, the land would be marketed with the benefit of any such consent.

Options/Alternatives considered:

Option 1 – Retain the land.

Option 2 – To dispose of the land on either a conditional or unconditional tender basis. As part of this option, authority to approve the preferred tender was recommended to be delegated to the Deputy Chief Executive in consultation with relevant Portfolio holder for Economy and Enterprise.

The tender would be based on the following:

·       Freehold sale

·       A ‘Buy back’ option with a deadline included if the site had not been developed within 3 years

·       Payment of the Councils professional fees.

·       A non-refundable deposit of 10% payable at the point of exchange of contracts which was to occur within sic weeks of acceptance of the preferred tenderer’s offer. 

In the event the tender exercise was not successful due to a change in terms by the developer, officers can with the approval of the Deputy Chief Executive in consultation with the portfolio holder for Economy and Enterprise withdraw from negotiations and then re-tender the site or enter the site into the next available auction.

Option 3 – To dispose of the land at auction to be approved by the Director of Economy. The recommended terms of sale were:

  • Freehold sale
  • A ‘Buy back’ option with a deadline included if the site had not been developed within 3 years
  • Payment of the Councils professional fees.

 

RESOLVED – That the Cabinet would consider the commercially sensitive information contained at Item 16 before making a decision.

Publication date: 28/01/2020

Date of decision: 27/01/2020

Decided at meeting: 27/01/2020 - Cabinet

Effective from: 05/02/2020

Accompanying Documents: