Minutes:
RESOLVED:-
(i) that the Service Director Assets be authorised to negotiate Heads of Terms for an acquisition of the Homes and Communities Agency (HCA) land at Rockingham, Hoyland, as identified in the report now submitted;
(ii) that the Director of Legal and Governance be authorised to complete the acquisition from the HCA, subject to the independent valuation being within tolerance and the ground conditions being acceptable to the Council;
(iii) that, if approved by the Sheffield City Region Combined Authority (SCR CA), funding from Sheffield City Region finance for the acquisition and associated costs, set out in the report, be accepted;
(iv) that the principles of the SCR CA grant funding agreement be agreed and accepted, and that final approval be delegated to the Executive Director Place in consultation with the Director of Legal and Governance and the Director of Finance, Assets and Information Services;
(v) that approval be given to the full business case in accordance with Capital Programme requirements;
(vi) that the release of £0.361m of funding in 2016/17 from the 2020 Capital Investment Fund, to acquire the HCA land at Rockingham, Hoyland, be approved;
(vii) that the subsequent onward sale of the site be through a competitive tender process and a development agreement be negotiated as part of this transaction to secure the delivery of floor space on this part of employment site within an acceptable time frame;
(viii) that, if additional professional assistance be required, to appoint external consultants as appropriate, within the current procurement rules; and
(ix) that, subject to receiving acceptable offers for the onward sale of the site and a development agreement being in place, the Director of Legal and Governance be authorised to complete all necessary legal documentation for the proposed onward disposal, subject to all necessary planning consents being obtained by the developer before completion.