Decision details

Option to Repurchase Land at Kirby Road and Mill Lane, Walton-on-the-Naze

Decision Maker: Leader of the Council and Corporate Finance & Governance Portfolio Holder

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

To exercise the property option contained in a Transfer Deed dated 12 March 2014 to the extent possible and buy back such land as available by serving the necessary option notices and completing land transfers on terms contained in the Transfer Deed and such other terms considered appropriate.

Reasons for the decision:

In order to facilitate future capital receipt and/or facilitate the support of other projects and reduce the cost of facilitating other potential schemes.

Alternative options considered:

To not exercise the option.

Publication date: 22/08/2018

Date of decision: 22/08/2018

Effective from: 30/08/2018

Accompanying Documents: