Decision details

To dispose of Council-owned employment land at Kingston Marine Park, East Cowes

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To consider options for disposal for the KMP site arising from an analysis of interest from an EOI marketing exercise held during Sept/Oct 22

Decision:

Option 1 - Approve the freehold sale of KMP, to a third party, as detailed in Confidential Appendices 1,2 and 3, subject to contract and achieving detailed planning consent.

 

Delegate the authority to approve final terms following this decision to both the Cabinet Member for Levelling Up, Regeneration, Business Development and Tourism and the Cabinet Member for Strategic Finance, Transformational Change and Corporate Resources in consultation with the Director of Regeneration and the council's Section 151 officer.

 

Report author: Graeme Haigh

Publication date: 14/11/2022

Date of decision: 10/11/2022

Decided at meeting: 10/11/2022 - Cabinet

Effective from: 22/11/2022

Accompanying Documents: