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That:
(a)
the decision taken by Cabinet on 21 June 2011 to
sell the freehold of Phase 1A of the Sands Development to Benchmark
be confirmed;
(b)
the disposal to be subject to the following
amendments and covenants:
(i) the purchaser
to be Benchmark Properties Ltd in place of Benchmark Leisure
Ltd
(ii) the inclusion of an option providing the
right for the Council to repurchase the land in 2157 for a sum that
equates to the sale price for disposal of the freehold
interest
(iii) a covenant precluding use of any part of
the properties for an amusement arcade
(iv) a covenant ensuring the continuation of
free passage across any roads, paths or other ways, to the
public
(v) a covenant that prevents extension of the
existing leasehold interest beyond 2157 without the consent of the
Council, and an explicit statement that it is reasonable to refuse
consent unless a premium is paid to the Council to reflect the
value in the land beyond 2157
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