Issue - meetings
Sheringham - Enabling Land
Meeting: 15/04/2024 - Cabinet (Item 53)
53 Sheringham - Enabling Land 
PDF 95 KB
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Executive Summary |
An area of land (“the enabling land”) adjacent to the Reef Leisure Centre had been marketed with offers received and with Cabinet supporting one particular option on 2 March 2020. The proposed purchaser has obtained planning consent for a 37 room apart-hotel. It is now requested there be an extension to the legal agreement to provide time to satisfy the relevant purchase condition in the agreement.
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Options considered
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Alternative options have been considered and can be found in exempt appendix B and C.
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Consultation(s) |
PFH for Finance and Assets |
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Recommendations
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It is recommended that Cabinet resolve:
· To grant a 4 month extension to the legal agreement to enable the purchaser sufficient time to satisfy the remaining offer condition. · To monitor the progress of the party to ensure they satisfy the remaining offer condition, to be delegated to the Asset Strategy Manager, in consultation with the Portfolio Holder for Assets. · To explore the previous offers submitted for this site, in parallel to the extension.
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Reasons for recommendations
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To ensure the sound management of the Council’s land holding and assets.
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Background papers
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Cabinet paper Sheringham Enabling Land 2nd March 2020 |
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Wards affected |
Sheringham |
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Cabinet member(s) |
Cllr, L Shires |
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Contact Officer |
Renata Garfoot. Asset Strategy Manager. Renata.Garfoot@North-Norfolk.gov.uk |
Additional documents:
Decision:
Decision
RESOLVED
· To grant a 4 month extension to the legal agreement to enable the purchaser sufficient time to satisfy the remaining offer condition.
· To monitor the progress of the party to ensure they satisfy the remaining offer condition, to be delegated to the Asset Strategy Manager, in consultation with the Portfolio Holder for Assets.
· To explore the previous offers submitted for this site, in parallel to the extension.
Reason for the decision:
To ensure the sound management of the Council’s land holding and assets.
Minutes:
The Chairman introduced this item in the absence of the Portfolio Holder, Cllr L Shires.
He said that there had been a lot of prior discussion on this item. He explained that the proposed purchaser had obtained planning consent for a 37 room apart-hotel and it was now requested there be an extension to the legal agreement to provide time to satisfy the relevant purchase condition in the agreement.
The Estates & Asset Strategy Manager added that the area of land concerned was adjacent to the Council’s leisure centre, the Reef. In 2020, Cabinet agreed to sell land to a hotel developer and they now wanted some additional time to comply with the required legal conditions.
The Chairman advised members that progress of the scheme would be monitored.
It was proposed by Cllr T Adams, seconded by Cllr J Toye and
RESOLVED
· To grant a 4 month extension to the legal agreement to enable the purchaser sufficient time to satisfy the remaining offer condition.
· To monitor the progress of the party to ensure they satisfy the remaining offer condition, to be delegated to the Asset Strategy Manager, in consultation with the Portfolio Holder for Assets.
· To explore the previous offers submitted for this site, in parallel to the extension.
Reason for the decision:
To ensure the sound management of the Council’s land holding and assets.