Land owning issues at Home Park

I copied and pasted this from Pasnottie

The attached report is to be discussed at the City Council's Cabinet meeting on 3rd September 2013.

The recommendations in the report are as follows

(a) To accept a surrender from PAFC of the existing 30-year Home Park lease from October
2011, and to grant a new lease to PAFC on a reduced area including all the existing and
proposed spectator stands, for 30 years from the original lease commencement date;
(b) To grant HHP Nominee/Akkeron or nominated developer a lease for 125 years of 4 groundfloor
commercial units within the new Grandstand;
(c) To grant to HHP Nominee/Akkeron/developer a Building Lease for 125 years of
approximately 1.22 acres of land to the north and east of Higher Home Park, all of which is
within the existing Stadium lease, and subsequently to transfer of the freehold interest of the
above 1.22 acres of land to HHP Nominee/Akkeron/developer following completion of all
development works on Higher Home Park and Home Park;
(d) To grant freehold easements to HHP Nominee/Akkeron/developer to allow pedestrian and
vehicle access over the Council’s adjoining land to the new commercial development;
(e) All the above arrangements to be in accordance with the financial terms set out in this report;
(f) To authorise the Director for Place in consultation with the Portfolio Holder for Finance to
agree any additional or supplementary legal and estates issues associated with this project that
may arise prior to completion of the relevant legal documentation.

The reasons for the recommendation are

(a) – (e) above - To provide HHP Nominee/Akkeron/developer with an additional freehold area
of approximately 1.22 acres adjoining its existing private freehold ownership of 2.27 acres at
Higher Home Park, to enable the proposed commercial scheme to be fundable. The
recommended decision will also to generate additional rental and business rates income for
the Council from the football stadium and from commercial units within the new football

(f) To ensure that all legal documentation can be completed in a timely manner and in accordance with the commercial requirements of the proposed development;
Grandstand, in return for transferring the proposed freehold area of approximately 1.22acres. The project will also lead to the creation of 600 construction jobs and 400 permanent jobs in the new facilities, and £1.1m investment into environmental improvements in Central Park;

http://www.plymouth.gov.uk/mgInternet/d ... 20Park.pdf

http://www.plymouth.gov.uk/mgInternet/d ... eehold.pdf