Issue - meetings

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.  

Cllrs Jordan and Stephens both left the room for this item as they were both Ryde Town Councillors.

A detailed business case had been submitted by Ryde Town Council to take over Ryde Harbour. The Town Council had put together a place plan for the Esplanade including the viability of Ryde harbour, which would contribute to the major regeneration of the town. There would be a loss in income of £11,000 p.a.to the IW council, however it was believed that disposal to Ryde Town Council was the best outcome as the facility would require some investment in the near future.

Consideration was given to the report which sought the Cabinet’s approval to agree the freehold transfer of Ryde Harbour and the hospitality suite; and to lease the transfer of the two parcels of land and hospitality suite to Ryde Town Council from 1 April 2022. It was noted that IWALC welcomed the proposals.

RESOLVED:

THAT the report and proposed recommendations be noted.