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RESOLVED:
That Cabinet authorised the Assistant Director Assets
& Environment in consultation with the Executive Director
Finance and Portfolio Holder for Finance to agree terms for the
disposal of the former Collingtree Smallholding,
Watering Lane, Collingtree and enter any
documentation
required to implement or in connection with this disposal,
in accordance with paragraph 6.18 with any minor variations found
to be necessary or expedient.
 
REASONS RESOLVED:

1.   
The land is not required in its current state by the Council
to meet operational needs.

2.   
The site was being held with future residential development
in mind.

3.   
The development will see a site identified within the
Northampton Local Plan Part 2 brought forward for development
within the identified plan period to support housing
supply.

4.   
To comply with the obligations on the Council to obtain the
best consideration reasonably obtainable in a freehold land
disposal.

5.   
Disposal by means of a public works concession contract would
allow the Council to secure assets which are valuable in delivery
its statutory duties and policy goals, whilst delivering
efficiencies.

6.   
To generate capital receipts and/or provide the Council with
assets that
 
ALTERNATIVE OPTIONS:
 
1.   
Option 1 - PLC housebuilder sale, 265 units
·        
Known quantity.
·        
Likely relatively quick delivery
·        
Compared to other options.
 
2.   
Option 2 - SME-led with self-build
·        
Develops house-builder market capacity.
·        
Potentially quicker delivery.
·        
Potentially more stable delivery across economic
cycle.
·        
More diverse character.
·        
Assistance with self-build statutory duty.
 
3.   
Option 3 - PLC-led with SME and self-build
·        
Largely known quantity.
·        
Similar benefits to 2, at smaller scale.
 
4.   
Option 4 - PLC / SME / self-build and PRS
·        
Similar to 3 with provision of some dedicated PRS units
(other events scaled down).
 
5.   
Option 5 - PLC / SME / self-build / PRS mix & private
sector care home
·        
Similar to 4 with addition of care home (other elements
scaled down).
 
5.B  Option
5.B – As Option 5 + 20% increase in density
·        
As 5 but with additional housing delivery.
6.   
Option 6 - PLC / SME / self-build / PRS mix & net zero
carbon homes
·        
As 4 but with lower carbon outcomes.
 
7.   
Option 7 - Self-build only
·        
Potentially more stable delivery across economic
cycle.
·        
More diverse character.
·        
Assistance with self-build statutory duty
 
8.   
Option 8 - PLC only including flats and extended through
buffer zone
·        
As 1 with increased numbers.
·        
May be challenging to deliver due to lack of buffer
zone.