The Head of Corporate Property submits a report to Cabinet which requests approval to enter into an Option Agreement for the disposal of land at Foxwell Drive, Headington.

Cabinet is recommended to:

1.    Give approval to the Heads of Terms for an Option Agreement, as outlined in the report, for the disposal of land at Foxwell Drive, Headington, noting that any development would be subject to planning;

2.    Delegate authority to the Executive Director (Development), in consultation with the Head of Law and Governance, the Head of Financial Services and the Deputy Leader (Statutory) - Finance and Asset Management to enter into the Option Agreement; and

3.    Delegate authority to the Executive Director (Development) in consultation with the Head of Law and Governance, the Head of Financial Services and the Deputy Leader (Statutory) – Finance and Asset Management to agree the final disposal price of the Land on the basis that it will comply with the requirements of S123 of the Local Government Act 1972.

The Head of Corporate Property submitted a report to Cabinet which requested approval to enter into an Option Agreement for the disposal of land at Foxwell Drive, Headington.

Councillor Turner presented the report. He stated that a proposal has been brought forward to develop land owned by Ruskin College. In order for that development to proceed, access over land owned by the Council is needed. Councillor Turner said that the report proposes granting an option agreement, so that if the development gains permission, the Council can grant the necessary access to land. Questions over whether or not the development area is good or bad will be tested when the local plan comes forward, but that is not the concern of the present meeting. Councillor Turner recommended that Cabinet grant the option agreement.

No questions were asked on this matter.

Cabinet agreed to:

1.    Give approval to the Heads of Terms for an Option Agreement, as outlined in the report, for the disposal of land at Foxwell Drive, Headington, noting that any development would be subject to planning;

2.    Delegate authority to the Executive Director (Development), in consultation with the Head of Law and Governance, the Head of Financial Services and the Deputy Leader (Statutory) - Finance and Asset Management to enter into the Option Agreement; and

3.    Delegate authority to the Executive Director (Development) in consultation with the Head of Law and Governance, the Head of Financial Services and the Deputy Leader (Statutory) – Finance and Asset Management to agree the final disposal price of the Land on the basis that it will comply with the requirements of S123 of the Local Government Act 1972.