Decision Maker: Service Director - Resources
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Agreement to suspend collection of
£100,608.78 clawback in respect of the disposal of Property
at 25, Hitchin Road, Weston Hertfordshire SG4 7AY to allow settle
the opportunity to comply with the terms of an exemption namely
applying the proceeds towards the provision of Social Housing or
Community Benefit in the District of North Hertfordshire, subject
to settle entering into a deed of covenant with North Hertfordshire
District Council that it will pay 25% of any overage payment is
receives from the transferee (or its successors in title) of the
Property.
The decision is in accordance with the
protocol entered into between North Hertfordshire District Council
(NHDC) and North Hertfordshire Homes (NHH), now known as settle, in
respect of a proposed disposal by settle of an asset transferred
under the Stock Transfer. Therefore, no other alternative options
are applicable.
Publication date: 17/10/2024
Date of decision: 16/10/2024
Accompanying Documents: