Decision Maker: Cabinet

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: February 11, 2025

Purpose: Sale of council land adjoining the former Camrose Stadium at Mansfield Road and Western Way to support the delivery of affordable housing in the borough and to remove the entry from the Asset of Community Value List.

Content: Cabinet   1)         Approve the disposal of council owned land at the Camrose, for a capital receipt as detailed at Confidential Appendix 3, to Sovereign Housing Developments Ltd (SHD) at Open Market Value and in accordance with Section 123 of the Local Government Act 1972.   2)         Delegate authority to the Director of Regeneration to:   ·       Finalise the Heads of Terms ·       In consultation with the Head of Law and Governance, to enter into a contract for the disposal of the site ·       Prior to disposal to agree any enabling works on the council’s land   3)         Agree to serve notice in accordance with Regulation 2 of the Regulations to remove the council owned site and the former Camrose site from the list of Assets of Community Value (ACV) as this land is no longer of community value.   Cabinet recommend Council to:   4)         Reserve proceeds from the sale of council-owned land to invest in football facility improvement works in Basingstoke.