The  Executive Director – Sustainable City has submitted a reportto present for approval the updated proposed land disposals and discounts in relation to the Council's commitment of up to £1,000,000 in-kind contributions from land disposal and compensation foregone to facilitate the Oxford Flood Alleviation Scheme.

Recommendations:That the City Executive Board resolves to:

1.    Approve the amended disposal of land (as identified in Appendix 1) to the Environment Agency for the purposes of the Oxford Flood Alleviation Scheme.  Such disposal to be below market value but subject to receipt of appropriate consents and the inclusion of appropriate restrictive covenants; with the Council also foregoing any land compensation in relation to the severance to the retained land. The values of the land identified in Appendix 1, being set out in Appendix 2; 

2.    Approve the increase in net in-kind contribution to be made by the Council to the EA from £450,500 to £663,500 (and up to £696,675, if required);

3.    Approve the use of the Council’s powers under the Local Government Act 1972: General Disposal Consent 2003 - disposal of land for less than the best consideration that can reasonably be obtained - to dispose of the land identified in Appendix 1 below market value; and

4.    Grant delegated authority to the Executive Director - Sustainable City, in consultation with the Heads of Finance and Law and Governance, to enter into appropriate legal agreements with the Environment Agency to give effect to the above matters.

The Executive Director – Sustainable City had submitted a reportto present for approval the updated proposed land disposals and discounts in relation to the Council's commitment of up to £1,000,000 in-kind contributions from land disposal and compensation foregone to facilitate the Oxford Flood Alleviation Scheme.

Cllr Hollingsworth reminded the Board that it had received a number of reports in relation to this project to reduce the extent and likelihood of flooding in the City; this was the next necessary step in the process. The Chair remarked on the importance of this project for the City.

The City Executive Board resolved to:

1.    Approve the amended disposal of land (as identified in Appendix 1) to the Environment Agency for the purposes of the Oxford Flood Alleviation Scheme.  Such disposal to be below market value but subject to receipt of appropriate consents and the inclusion of appropriate restrictive covenants; with the Council also foregoing any land compensation in relation to the severance to the retained land. The values of the land identified in Appendix 1, being set out in Appendix 2; 

2.    Approve the increase in net in-kind contribution to be made by the Council to the EA from £450,500 to £663,500 (and up to £696,675, if required);

3.    Approve the use of the Council’s powers under the Local Government Act 1972: General Disposal Consent 2003 - disposal of land for less than the best consideration that can reasonably be obtained - to dispose of the land identified in Appendix 1 below market value; and

4.    Grant delegated authority to the Executive Director - Sustainable City, in consultation with the Heads of Finance and Law and Governance, to enter into appropriate legal agreements with the Environment Agency to give effect to the above matters.