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Decision details

Creekside Acquisition Opportunity

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No

Decisions:

Having considered a confidential officer report, and a presentation by the

Cabinet Member for Housing, Councillor Paul Bell, the Mayor and Cabinet for

the reasons set out in the report by a vote of 10-0:

 

RESOLVED that:

 

(1) the existing sale agreement and lease in respect of the Council’s land

shown on an attached plan be terminated;

 

(2) the freehold acquisition of land from IPE Creekside Ltd shown on an

attached plan and funding for Lewisham Homes to enter in a building contract

to deliver 56 new homes and commercial space to be delivered on 1

Creekside from IPE Creekside Ltd at a stated total scheme cost be approved;

 

(3) the land be acquired from IPE Creekside Ltd for planning purposes

pursuant to Section 227 of the Town and Country Planning Act 1990;

 

(4) on practical completion of the development any commercial space on the

Council’s land will be appropriated from housing purposes under Part II of the

Housing Act 1985 to the General Fund and the land to be acquired from IPE

Creekside will be appropriated for housing purposes under Part II of the

Housing Act 1985, excluding any commercial space on that land which will be

retained in the General Fund; and

 

(5) authority be delegated to the Executive Director for Housing, Regeneration

& Environment to agree the final terms of the freehold acquisition and the

grant of a lease to IPE Creekside Ltd for the remaining 340 sqm of

commercial space within the development.

 

Publication date: 16/01/2020

Date of decision: 15/01/2020

Decided at meeting: 15/01/2020 - Mayor and Cabinet

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