Decision details

Disposal of Ryde Harbour and Adjoining Land to Ryde Town Council

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To report back as indicated in the Cabinet Paper of March 2021 on the following actions

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:

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

• 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.

Decision:

Option 1 - Agree to the freehold transfer of the Ryde Harbour and the hospitality suite; and the lease transfer of the two parcels of land and hospitality suite to Ryde Town Council from the 1 April 2022. The transfer to be at nil value and subject to final details to be agreed by the Cabinet member.  

 

Report author: Alex Minns

Publication date: 16/12/2021

Date of decision: 16/12/2021

Decided at meeting: 16/12/2021 - Cabinet

Effective from: 30/12/2021

Accompanying Documents: