Agenda item

(a)  Authorise the disposal of land at Wexham Nursery to SRP for a sum that represents no less than the best value valuation, if  the option granted in respect of the land is exercised.

(b)  Delegate authority to agree the final valuation sum to the Assistant Director, Assets Infrastructure & Regeneration, following consultation with the Leader and the Council’s section 151 officer; and

(c)  Delegate authority to the Assistant Director Assets, Infrastructure and Regeneration, following consultation with the Cabinet Member for Neighbourhoods & Renewal, to approve the non-financial terms for disposal.

A report was considered on the disposal of Slough Borough Council land at Wexham Nursery to the Slough Regeneration Partnership (SRP) to commence a 104 unit housing development.  In resolving the matters in Part I of the agenda, the Cabinet considered the Part II Appendix 1, the contents of which was noted.

The housing development would provide 70 homes for sale and 34 for social rent to be acquired by the Council.  Approval was sought to authorise the disposal of the land the SRP for a sum that represented no less than the best value valuation and to delegate authority to agree the final valuation sum.  The Cabinet considered the valuation set out the Part II Appendix 1 and discussed a number of aspects of the development and working arrangements between the Council and Morgan Sindall.  The disposal and delegations were then agreed.

Resolved –

(a)  That the disposal of land at Wexham Nursery to SRP be authorised for a sum that represents no less than the best value valuation, if the option granted in respect of the land is exercised.

(b)  That delegated authority to agree the final valuation sum be given to the Assistant Director, Assets Infrastructure & Regeneration, following consultation with the Leader and the Council’s section 151 officer; and

(c)  That delegated authority be given to the Assistant Director Assets, Infrastructure and Regeneration, following consultation with the Cabinet Member for Neighbourhoods & Renewal, to approve the non-financial terms for disposal.