Issue - decisions

The Lodge - Heads of Terms for Transfer to EcoLocal

02/10/2015 - The Lodge - Heads of Terms for Transfer to EcoLocal

The Committee considered a report setting out the final proposals submitted by Ecolocal for the transfer use of the Lodge building in Carshalton from the Council.

 

Resolved

 

1.    That Ecolocal is granted a 125-year lease for a mixed-use redevelopment of the Lodge building, Carshalton.

 

2.    That the Council use its power under Circular 06/03: Local Government Act 1972 – General Disposals Consent 2003, to accept the offer of a lease premium totalling £600,000 which is less than best consideration, on the basis that the disposal helps in securing economic, social and environmental well-being of the community.

 

3.    That the Strategic Director for Resources be authorised to complete negotiations with Ecolocal for the lease as set out in the Heads of Terms in this report and direct the Head of Shared Legal Services to draw up the necessary legal documentation for the development works to the building and to exchange and complete on the lease.