Issue - meetings

RESOLVED that the Council grant an option to Strata Homes Yorkshire Limited, Persimmon Homes Limited and Stancliffe Homes Limited to buy the land for £200,000 on terms agreed by Director of Governance and Legal Services and Monitoring Officer.

Executive considered a detailed report which sought Members approval to grant an option to purchase land on the west side of Elmton Lane, Bolsover.

The Council owned a parcel of land on Elmton Lane, Bolsover (shown edged red on the map as appended to the report), which was currently used for the grazing of horses.

The land formed part of the development site commonly known as Bolsover North, and was approximately 30 hectares, comprising of several parcels of land in different ownership.  The developers, Strata Homes Yorkshire Limited, Persimmon Homes Limited and Stancliffe Homes Limited, were in the processes of securing title to the land by way of options.

The Council had been approached by the developers with a view to granting an option to sell the land upon the grant of reserved matters planning permissions.  Negotiations had taken place between the Council’s Senior Valuer and the developer and a price of £200,000 had been agreed.  The Council’s Asset Management Group had been consulted and had no objection to the sale.

Moved by Councillor John Ritchie and seconded by Councillor Sandra Peake

RESOLVED that the Council grant an option to Strata Homes Yorkshire Limited, Persimmon Homes Limited and Stancliffe Homes Limited to buy the land for £200,000 on terms agreed by Director of Governance and Legal Services and Monitoring Officer.

Reasons for Recommendation

To secure Executive’s agreement to grant an option to purchase the land.  This matter had been considered by Asset Management Group who were comfortable with the proposal to transfer the land .

Alternative Options

Not to grant a purchase.  The Council would not receive a capital receipt for the land.