Decision details
Sale of commercial development land at Lufton, Yeovil (Lufton 2000 joint venture)
Decision Maker: South Somerset District Council
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decision:
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RESOLVED: |
That Full Council agreed to:- |
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a. |
note the contents of the report.
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b. |
approve the proposal to sell the Councils share in the Joint Venture in the asset named Lufton 2000 on the terms outlined in the confidential appendix to the report.
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c. |
authorise the Chief Financial Officer to seek the approval of the Somerset County Council to the sale under the Section 24 direction.
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d. |
delegate the power to the Council’s Solicitor and Monitoring Officer to approve the detail of the sale.
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Reason: |
To agree the sale of the Council’s 50% share in the Lufton 2000 Joint Venture to its joint venture partner Abbey Manor Developments Limited. |
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(Voting: unanimous in favour)
Publication date: 23/09/2022
Date of decision: 22/09/2022
Decided at meeting: 22/09/2022 - South Somerset District Council
Accompanying Documents:
- 13 Lufton JV report 18Aug22 FINAL
PDF 534 KB - Restricted enclosure View reasons restricted
