Strategic Land Option Agreement

Exempt Cabinet report seeking approval to enter 5-year conditional Option Agreement for 14ha greenfield site (Site X) suitable for ~350 dwellings. Nominal option fee £1; planning costs shared 50/50 with landowner; purchase price determined by independent valuation at exercise. Benefits: secures key Local Plan housing site; Council influence over masterplan; enables direct affordable housing delivery; option assignable to development partner. Cabinet to approve and delegate execution.