Purpose

To seek approval for
the acquisition of South Ham Library from HCC and subsequent
disposals of the library and community centre to support the
redevelopment of the site as part of the wider Buckskin and South
Ham regeneration
 

Decision

1.         
Approve the acquisition of South Ham Library, Paddock Road,
Basingstoke from Hampshire County Council at below open market
value upon terms to be agreed by the Director of Regeneration.

 
2.         
Subject to the agreement of the matters set out in point 3, approve
the disposal of South Ham Library and Westside Community Centre to
Sovereign Network Group for less than best consideration, upon the
basis the disposal is likely to contribute to the improvement of
the economic, social and environmental
wellbeing of the area pursuant to Local Government Act 1972:
General Disposal Consent 2003 by facilitating the delivery of
affordable housing.
 
3.         
Delegate authority to the Director of Regeneration to:
 
·       
Finalise head of terms for the acquisition of South Ham Library
from Hampshire County Council and disposal of the assembled site
comprising South Ham Library and Westside Community Centre to
SNG

 
·       
Commission a section 123 valuation for the assembled site
 
·       
Agree overage terms with HCC on a pro rata basis to land
contributed if the scheme developed by Sovereign delivers a surplus
to be paid on grant of planning permission
 
4.         
Delegate authority to the Head of Law and Governance to facilitate
the legal arrangements in relation to the matters in point 3.