Issue details

TRANSFER OF SWRDA OWNED PROPERTIES TO PLYMOUTH CITY COUNCIL DATE FIRST INCLUDED IN THE FP: 12 MAY 2011

 

 

Authorisation to proceed to take a freehold transfer of properties owned by the South West RDA in Plymouth including Royal William Yard and Western King, Plymouth International Medical and Technology Park, land at Stonehouse Creek and the RDA’s interests in certain income-producing properties owned by the City Council.

Decision type: Key

Decision status: Recommendations Approved

Open/Exempt: Open;

Decision due: 7 June 2011 by Cabinet (on the recommendation of Councillor Fry)

Department: Place

Contact: Email:  david.james2@plymouth.gov.uk Tel; 10752 304571  david.james2@plymouth.gov.uk Tel: 01752 304571.

Consultation process

Discussions have been held with relevant officers.

Consultees

•  legal officers

•  finance officers

•  planning officers

Making Representations: In writing by 26 May 2011 to - Assistant Director for Economic Development Councillor Fry (Cabinet Member)

Information to be considered by the decision makers: 1. Summary of property asset package legal 2. Valuation advice 3. Summary of proposed finance ring-fencing arrangements for these assets, which are to be used to assist the completion of major projects at RWY and PIMTP or for economic development initiatives in Plymouth in conjunctions with the approved Growth Fund

Documents

  • Legal and valuation advice