URL: https://democracy.adur-worthing.gov.uk/ieDecisionDetails.aspx?ID=1319

Decision Maker: Chief Executive

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose:

Content: That the Chief Executive of Adur & Worthing Borough Councils: shall enter into the following agreements:-   ·         Parcel A: The NCP surface Car Park Surrender Deed ·         Sale from WBC to Roffey Homes for £2,460,000 ·         Parcel B: Sale of the Former Police Station Site from WBC to Roffey Homes for £1,097,500 ·         Parcel C: Purchase of High Street Surface car park by WBC from LCR for £542,500 and contemporaneous Sale of land to Roffey Homes  - £542,500   Total amount = £4,100,000 exclusive of VAT The Joint Strategic Committee, at its meeting on the 14th January 2025, delegated authority to the Assistant Director for Regenerative Development in consultation with the Leader of the Council and the Cabinet Member for Regeneration to:-   1.    Negotiate; finalise and agree the commercial heads of terms for the proposed Sale Agreement and transfers of the Council’s land at Union Place to Roffey.   2.    Negotiate and agree the final heads of terms for surrender of the existing NCP lease   3.    Negotiate and enter into agreements for release of third party rights   4.    Negotiate and agree the final heads of terms for surrender of the existing NCP lease   5.    Authorise the acquisition of the freehold interest in the High Street Car Park site   These recommendations being subject to the Assistant Director for Regenerative Development, in consultation with the Leader and Cabinet Member for Regeneration, being satisfied that:-   A.    In entering into the legal documentation, the Council will receive best consideration reasonably obtainable under s123 Local Government Act 1972 and   B.    Updated procurement and subsidy control advice has been received and is satisfied that the Council is compliant with these legislative requirements.   The council has now undertaken its due diligence and is assured that A/B above have been achieved and are satisfied.   The decision is now required to enable the council to authorise the sales agreement (as set out above for parcels A, B, C) enabling Roffey Homes Limited to progress with the development and regeneration of the Union Place key site in the centre of Worthing to provide 216 new residential apartments. Providing the council with a capital receipt for the sale of the Union Place land. A Joint Venture partnership had been considered with Roffey Homes Limited. However, following the council’s review of the terms of the proposed agreement. It was not a viable option for the council to progress which would have placed significant risk and cost uncertainty on the council.

Date of Decision: December 18, 2025