Purchase of freehold interest and surrender of lease - Delegated decisions

Decision made by
Cabinet member for Corporate Services and Asset Management
That the Council purchases the freehold interest in recreational land to the east of Courtauld Road, Braintree and simultaneously completes a surrender the unexpired lease granted to Braintree College for offices at 1 Freebournes Court, Witham
Reason for decision
The college are relocating as they are only sing 30% of the premises. This transaction provides a cost effect way to source land for potential improved sports facilities n the district
Summary of alternative options

To approve the provisionally agreed transaction on the reported terms to decline the request to surrender the lease, receive the full rent for the final year, but pay market value to purchase the freehold interest

Background documents
Property file, Braintree and Bocking recreation Ground Property file, 1, Freebournes Court, Witham
Declared conflict of interest
Date decision made
June 1 2016
Contact us
You can contact us if you would like a copy of the record and supporting papers for this decision. Email governance@braintree.gov.uk