Decision details

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.