Decision details

1)    That approval be given to the disposal of Bradley Business Park Phase III by the Council to Aflex Hose Ltd for the purchase price as set out in the Heads of Terms, as attached at Appendix 3.

2)    That the disposal shall be (i) conditional upon the grant of an unchallengeable planning permission for the proposed manufacturing unit and (ii) subject to the Council being granted an option to repurchase Bradley Business Park III in the event that no contracts have been put in place for the construction of the proposed development within six months of completion.

3)    That authority be delegated to the Strategic Director (Economy and Infrastructure) to negotiate and agree with Aflex Hose Ltd the terms of the disposal and the option to repurchase, and any other ancillary deed or document that may be required.

4)    That authority be delegated to the Service Director (Legal, Governance and Commissioning) to enter into and execute any agreement transfer and option in relation to the disposal of Bradley Business Park Phase III to Aflex Hose Ltd, together with any ancillary documents and agreements.