Issue - meetings

Power Company - Grant of Easement at Olinthus Avenue

Meeting: 14/01/2020 - Cabinet (Resources) Panel (Item 11)

Power Company - Grant of Easement at Olinthus Avenue

[To approve the conversion of a wayleave to easement granted to the power company for existing apparatus in return for a compensation payment]

 

Additional documents:

Decision:

1.   That the conversion of a temporary wayleave granted to National Grid to a permanent easement to the land located adjacent to Olinthus Avenue, Wednesfield, Wolverhampton in return for a one-off compensation payment to the Council of £116,000 be approved.

 

2.   That the Council enter into the Deed of Grant with National Grid for conversion of the current temporary wayleave to a permanent easement.

Minutes:

Councillor Peter Bilson presented the report on a proposal to convert a current wayleave granted to National Grid into a permanent easement in return for a capital receipt. Capital receipt would support the Council’s Medium Term Financial Strategy.

 

Resolved:

1.    That the conversion of a temporary wayleave granted to National Grid to a permanent easement to the land located adjacent to Olinthus Avenue, Wednesfield, Wolverhampton in return for a one-off compensation payment to the Council of £116,000 be approved.

 

2.    That the Council enter into the Deed of Grant with National Grid for conversion of the current temporary wayleave to a permanent easement.