It is recommended that the Leader of the Council;
1. Acknowledge that the Assistant Director, General Fund Assets has followed the process set out by Section 123 (2A) of the Local Government Act, 1972, in respect the land edged red on the plans at Appendices 1 and 2 as the necessary precursor when considering the disposal of any land that is considered to be ‘open space’ under the Act, with no material representations having been received.
2. Determine to dispose of the land edged red on the plans at Appendices 1 and 2 by way of a freehold transfer at their unrestricted market value of £1 with the required Restrictive Covenants and 80% overage in place.