| State the Delegated Authority that you are relying on in order to make the decision | |
| Subject of decision | To acknowledge the final sale price of land at Centre Square for the development of buildings 1 & 2. |
| Text of decision | Within the reports of the 6th September 2016 and 19th December 2017 the Executive Sub Committee for Property and Executive endorsed the proposal of the land at Centre Square for office development to Ashall Projects LTD. The decision was approved on the basis of the Council receiving the market price for the land. |
| Reason for decision | External advice was sought from the GVA to determine the land value. The advice came back that the land for the proposed purposes had value of nil consideration. Ashall Projects LTD submitted an offer of £175,000 per acre less abnormals for the site. The abnormals submitted were verified by the Council's Design Services Team as being justified, when deducted from the £175,000 per acre for the site this gave a negative value, therefore it was capped at £0 for the site with the Council receiving £1. |
| Other options considered (if any) | N/A |
| Has an Impact Assessment been carried out - if so please attach a copy to the decision using the upload attachment screen which follows | No |
| Declarations of Interest by any member or relevant local government body | None. |
| Who have you consulted as part of the decision making process | |
| Date of decision | 30 July 2018 |
| Service area | Growth & Place |
| Name of Delegated Officer making the decision - i | Kevin Parkes/James Bromiley |
| Name of the Officer making the decision - If power has been sub-delegated to another officer | |
| Issue date:- | 1 August 2018 |
| Creation date:- | 1 August 2018 by |
| Background paper/Impact Assessment
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Delegated Decisoon - Centre Square Buildings One & two (71K/bytes)
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