Issue - meetings

To consider the acquisition of land at Stocklands, Calmore Drive, Totton and the disposal of land and buildings at Cranleigh Paddock, Calpe Avenue, Lyndhurst.

RESOLVED:

(a)             That the Council’s land ownership at Cranleigh Paddock, Calpe Avenue, Lyndhurst be declared as being surplus to requirements; and

(b)       That an Executive Head and/or Chief Executive in consultation with the Portfolio Holders for Finance and Efficiency and Housing and Communities be authorised to finalise the terms and to enter into all necessary contracts to complete the sale of the Council’s land at Cranleigh Paddock to Hampshire County Council and the acquisition of land at Stocklands, Calmore Drive, Calmore, Totton from the County Council in accordance with the principles set out in Report Item 5 to the Cabinet.

The Cabinet considered exchanging the Council’s land at Cranleigh Paddock, Calpe Avenue, Lyndhurst for land currently in the County Council’s ownership at Stocklands, Calmore Drive, Calmore, Totton, with a balancing payment to reflect the difference in value between the 2 properties.  The land was identified in plans attached as Appendix 1 to Report Item 5 considered by the Cabinet.  The market value of the 2 sites and of the works to bring the sites into condition for the exchange had been agreed by the Valuation sections of each authority.  Each authority would meet its own transaction costs.  The properties would be exchanged with vacant possession.

The County Council had already agreed to the proposed transfer.

The proposed land exchange offered benefits to both authorities.  This Council would gain the opportunity to erect additional homes to meet local housing need.

RESOLVED:

(a)             That the Council’s land ownership at Cranleigh Paddock, Calpe Avenue, Lyndhurst be declared as being surplus to requirements; and

(b)       That an Executive Head and/or Chief Executive in consultation with the Portfolio Holders for Finance and Efficiency and Housing and Communities be authorised to finalise the terms and to enter into all necessary contracts to complete the sale of the Council’s land at Cranleigh Paddock to Hampshire County Council and the acquisition of land at Stocklands, Calmore Drive, Calmore, Totton from the County Council in accordance with the principles set out in Report Item 5 to the Cabinet.