Decision details

In connection with the Eton/Star Academy and Town Centre development proposals, the Council want to acquire the freehold interest in an area of land that currently forms part of the Tommyfield market and car park.
The purpose of the report is to seek approval to commence negotiations to acquire the freehold interest in the land shown coloured brown on the attached plan at Appendix 1 (Shenstone land) and to appoint Lambert Smith Hampton (LSH) to act on the Council’s behalf to acquire the freehold interest in the Shenstone land.

RESOLVED - That:
That the Council approve the appointment of Lambert Smith Hampton (LSH) to act on the Council’s behalf to acquire the freehold interest in the Shenstone land shown coloured brown on the plan at Appendix 1.
That LSH commence negotiations now, on the terms detailed in the report, and prior to the confirmation of funding for the Eton/Star project, because if the land is not ultimately required for the Eton/Star Academy, it will be required by the town centre developer who will want clean title to the land.

Option 1 - To approve the appointment of LSH to act on the Council’s behalf to acquire the freehold interest in the Shenstone land shown coloured brown on the plan at Appendix 1.
Option 2 - Do not approve the appointment of LSH to act on the Council’s behalf to acquire the freehold interest in the Shenstone land shown coloured brown on the plan at Appendix 1.

Option Two - Do not approve the appointment of LSH to act on the Council’s behalf to acquire the freehold interest in the Shenstone land shown coloured brown on the plan at Appendix 1.

Senior Council Officers and Corporate Property Board.