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Decision details

(R&E) Removal of buyback clause for Westgate Chambers

Decision Maker: Strategic Director of Regeneration and Environment

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

ROTHERHAM METROPOLITAN BOROUGH COUNCIL

 

RECORD OF OFFICER EXECUTIVE DECISION

 

Date of Decision:

 

24 February 2020

Decision Maker:

(Including Job Title)

 

Simon Moss

Assistant Director Planning Regeneration and Transport

Specific Delegation:

(If any)

 

 

Brief Description of Decision:

 

 

As part of the sale of Westgate Chambers to Peter Mark Hill a number of clauses were inserted in the contract of sale including a clause for the Council to buy back the property if sufficient progress was not made. Peter Hill is now asking for the removal of this clause, as it is hindering his attempts to secure further finance for the development

 

Reasons for the Decision:

 

 

There will be no financial impact on the Council and it should allow the developer to deliver the regeneration of Westgate Chambers more quickly

Details of alternative options considered and rejected:

 

To retain the buy-back clause. Mr Hill may continue to struggle to obtain finance for the project and the delivery of a major town centre regeneration project may be delayed

Conflicts of interest declared by any Executive Member consulted by the decision maker which relates to the decision:

None

 

Dispensations Granted:

(If any)

 

None

Reports or parts of reports considered

 

Cabinet paper for “Proposed disposal of Westgate Chambers” – 30th April 2014

 

 

 

I certify that this is a true record of the executive decision in relation to the selection of Westgate Chambers Buy Back Clause

 

Signed by the Decision Maker     

Date: 24 February 2020

Name : Simon Moss

Job Title: Assistant Director, Planning, Regeneration & Transport

 

Publication date: 26/02/2020

Date of decision: 26/02/2020

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