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.