Issue - meetings
Sale of Additional Land at Redbridge and Hinksey to the Envionment Agency
Meeting: 11/09/2024 - Cabinet (Item 40)
40 Sale of Additional Land at Redbridge and Hinksey to the Environment Agency 
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The Executive Director (Development) has submitted a report to seek approval for the land sale described in the confidential appendix.
Cabinet is recommended to:
1. Delegate authority to the Executive Director (Development) in consultation with Head of Financial Services (Section 151 Officer), the Head of Law and Governance, and the Deputy Leader (Statutory) - Finance and Asset Management to agree the final terms and enter into the Option Agreement, Transfer and any associated documents required to complete the transaction.
Additional documents:
Minutes:
The Executive Director (Development) had submitted a report to seek approval for the transfer of land as described in the confidential appendix.
The Deputy Leader (Statutory) – Finance and Asset Management highlighted that the Oxford Flood Alleviation Scheme (OFAS) was an essential measure to protect residents across the city and beyond from flooding. Should it go ahead, it would require the Environment Agency to deliver a biodiversity net gain. The report before Cabinet proposed the granting of an option to the Environment Agency over land owned by Oxford City Council, on terms set out in the associated confidential appendix, in order to support the delivery of biodiversity net gain for the Oxford Flood Alleviation Scheme.
Cabinet resolved to:
1. Delegate authority to the Executive Director (Development) in consultation with Head of Financial Services (Section 151 Officer), the Head of Law and Governance, and the Deputy Leader (Statutory) - Finance and Asset Management to agree the final terms and enter into the Option Agreement, Transfer and any associated documents required to complete the transaction.