The Director of Finance and Business Improvement presented the report relating to the disposal of land adjacent to the Gallagher Stadium.

 

Councillor Naghi addressed the Committee on this item.

 

It was noted that:

 

 

 

 

 

In response to a question from the Committee, the Director of Finance and Business Improvement stated that adding conditions into a freehold agreement would cause unnecessary complications. It was also noted that a freehold disposal would leave the Council with no ability to influence any future development on the site.

 

The Committee acknowledged that the Club was a huge asset to the town and wanted to support the Club as much as possible.

 

RESOLVED:

 

  1. That the open space adjacent to Gallagher Stadium, as outlined in red on the attached plan in Appendix I, be declared as surplus to operational requirements.

 

Voting:        For – 9        Against – 0           Abstentions – 0

 

  1. That the placing of a public notice pursuant of Section 123 of the Local Government Act 1972 advertising the proposed disposal of land be agreed.

 

Voting:        For – 9        Against – 0           Abstentions – 0

 

  1. That the land should be disposed on a leasehold basis to the Football Club for a term of 99 years at a peppercorn rent.

 

Voting:        For – 7        Against – 0           Abstentions – 2

 

  1. That the Director of Finance and Business Improvement uses delegated powers to conclude the lease negotiations.

 

Voting:        For – 9        Against – 0           Abstentions – 0