Decision Maker: Interim Director of Environment - Josie Wragg
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purchase the property from the vendors at
current market rate. Sell on the open market with a covenant on the
title precluding any future purchaser from making a claim for loss
of value under Part 1 of the Land Compensation Act 1973 due to the
Arborfield Cross Relief Road.
Maximise resell value through advice from local property
agents.
Minimise risk and cost to the
Council.
Options to retain and rent the property were
considered but rejected due to the number of uncertainties,
increased risks and impact on borrowing.
Wards Affected: Arborfield;
Dispensations: None
Other reasons / organisations consulted
None
Contact: Email: josie.wragg@wokingham.gov.uk Tel: 0118 974 6002.
Publication date: 08/12/2017
Date of decision: 17/07/2017