Decision

It is recommended that Cabinet:
 
1. Approve the variation of the Heads of Terms approved by
Cabinet on 13th March 2023 for the disposal of the freehold land at
Hereward Cross as set out in Appendix 1 to the report and in
accordance with the Red Book Valuation.
 
2. Delegates authority to the Executive Director of Corporate
Services and Director of Law and Governance after consultation with
the Cabinet Member for Finance and Corporate Governance, following
receipt and approval of the Red Book Valuation to take all
necessary steps to effect the decision in Recommendation 1
including entering into all agreements.
 
3. Delegates authority to the Executive Director of Corporate
Services and Director of Law and Governance after consultation with
the Cabinet Member for Finance and Corporate Governance, to approve
any further minor changes to the Heads of Terms provided that the
effect of the change is in accordance with the Red Book
Valuation.
 
The report presented to Cabinet can be found at the bottom of
this page.