Decision details

That  Ryde Town Council are treated as a special purchaser for Ryde Harbour and the two parcels of land and the hospitality suite as detailed in their business subject to:

1. An independent section 123 valuation of all of the land proposed to be transferred to Ryde Town Council; each party to fund 50 percent of the costs of the valuation.

2. There being no material objections to the disposal of the land parcels following advertisements placed in accordance with section 123(2A) of the Local Government Act 1972c.

3. Confirmation of how the anticipated loss of budgeted income of up to £11,166 per annum is to be accommodated within the council’s overall revenue budget.