Issue - meetings

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.

Cllr Whittle withdrew from the meeting for this item.

The Cabinet Member for Corporate Resources confirmed that, although the report made references to Ventnor Harbour, this would be the subject of a separate report and the decision was to consider the disposal of Ryde harbour only. Ryde Town Council had asked to be considered a special purchaser and it had been a lengthy process.

The Corporate Scrutiny Committee had noted the report.

To comply with statutory requirements, an amendment was made to the wording of the proposed recommendation.