Decision details

Disposal of the Council’s trust holdings at Salisbury Square

Exempt report of the Executive Director (Resources, Environment and Cultural Services) on the proposed sale of Salisbury Square.

(1)        The Decision Taken

RESOLVED:

(1)       That in return for a ubiquitous release of restrictive covenants held by Gascoyne Cecil Estates (GCE) relating to Borough Council owned land affected by the Hatfield Renewal Partnership opportunity areas identified in the Renewal Framework, the transfer of the areas affected to GCE be agreed.

(2)       That this transaction be without monies being paid to either party by the other and that each side bear their own costs and any stamp duty, land tax or value added tax that might be payable.

(2)        Reasons for the Decision

It was identified that certain additional lands outside of the Trust’s ownership but within the area affected by the GCE redevelopment proposals were also owned by the Council; forming part of the 150+ sites, mostly land below highways, that were transferred to the Council by the Homes and Community Agency (Now Homes England) in late 2011.