1.       That the decision of the Council on 8 October 2020 as set out in minute 159/10/20 (iv) be replaced with the following and in accordance with the current Policy Framework which gives Cabinet the power to make this decision;

2.       That the disposal of the freehold interest of the land at Collaton St Mary, as set out in Appendix 1, be transferred, to TorVista Homes or a company wholly owned by the Council, be approved; and

3.       That the Chief Executive be given delegated authority in consultation with the Cabinet Member for Finance to determine the appropriate point at which to value the land, as set out in Appendix 1, ensuring best value and compliance with the General Disposal Consent Order and agree and finalise any detailed disposal terms with the Cabinet Member for Economic Regeneration, Economy and Tourism and the Director of Finance.

To ensure the conditions of the Land Release Fund (LRF) grant are met.  The LRF grant terms, as subsequently revised with the approval of the Department for Levelling Up, Housing and Communities (formerly known as MHCLG) requires that the site is released/transferred by February 2023.

None.

The decision in respect of the disposal of land at Little Blagdon Farm, Totnes Road, Collaton St Mary will come into force immediately as the decision maker has decided that any delay likely to be caused by the call-in process would prejudice the public’s and Council’s interest. The Overview and Scrutiny Co-ordinator was consulted on 6 January 2023.

Approval was sought to dispose of the Council’s freehold interest in land at Little Blagdon Farm, Totnes Road, Collaton St Mary, by way of transfer to a company wholly owned, or partly owned by the local authority. The intended outcome would ensure the conditions of the Land Release Fund (LRF) were met by transferring the land to a Council company, namely TorVista Homes.

The proposed disposal route would ensure that the Council was still in control of the outputs required for the site, in line with the LRF conditions linked to residential development.

At the meeting Councillor Long proposed and Councillor Cowell seconded a motion that was agreed unanimously by the Cabinet, as set out above.

None.