Creekside Acquisition Opportunity
Additional documents:
Decision:
Having considered an officer report, and a presentation by the Cabinet
Member for Housing, Councillor Paul Bell, the Mayor and Cabinet agreed 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.
Minutes:
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.