22 Transfer of areas of Land at Middlewich High School
To seek approval to:
1. grant a lease of part of the Middlewich High School site to a third party in exchange for a lease of land to enable a new synthetic pitch to be constructed for use by the school and the community; and
2. grant an option for a ten year period to take further land in exchange for a capital receipt.
Additional documents:
Minutes:
The Cabinet Member for Procurement, Assets and Shared Services considered a report which sought approval to the granting of a lease of part of the Middlewich High School site to a third party in exchange for a lease of land to enable a new synthetic pitch to be constructed for use by the school and the community. The report also sought approval to the granting of an option for a ten year period to take further land in exchange for a capital receipt.
RESOLVED
That the Cabinet Member for Procurement, Assets and Shared Services
approves that
(1) a 999 year lease be entered into with Surcoat Group Ltd in respect of the area of land shown edged in red on the plan attached to the report, on terms to be agreed by the Assets Manager in exchange for a 999 year lease of the land shown edged in purple on the plan on terms to be agreed by the Assets Manager, Borough Solicitor and Director of Children’s Services to enable a new synthetic pitch to be constructed for use by the school and the community; and
(2) an option for a ten year period be granted in favour of Surcoat Group Ltd to take a 999 year lease of the land shown edged in yellow on the plan on terms to be agreed by the Assets Manager, Borough Solicitor and Director of Children’s Services to facilitate the construction of a Medical Centre in exchange for a capital receipt of £335,000 plus indexation in accordance with the Retail Price Index.