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Is it time for SCS to ask the Council about the possibilities of putting a CPO on Brandon?, this is assuming the financial backers would guarantee the funds to cover the CP0 costs, I can't see the council spending tax payers money to save Brandon so any monies that they spend will need to be recovered, failing that I really can't see any other way forward, BE will in my opinion never sell the site and just play the long game.

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14 minutes ago, heathen52 said:

Is it time for SCS to ask the Council about the possibilities of putting a CPO on Brandon?, this is assuming the financial backers would guarantee the funds to cover the CP0 costs, I can't see the council spending tax payers money to save Brandon so any monies that they spend will need to be recovered, failing that I really can't see any other way forward, BE will in my opinion never sell the site and just play the long game.

I think this is already happening from what Phil Morris let slip earlier in the year. 

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4 hours ago, heathen52 said:

Is it time for SCS to ask the Council about the possibilities of putting a CPO on Brandon?, this is assuming the financial backers would guarantee the funds to cover the CP0 costs, I can't see the council spending tax payers money to save Brandon so any monies that they spend will need to be recovered, failing that I really can't see any other way forward, BE will in my opinion never sell the site and just play the long game.

The problem with that might be if the CPO were to be legally challenged by the owners. Legal costs in dealing with that might become very substantial so  they may require those to be included in any guarantee?

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17 hours ago, noaksey said:

The problem with that might be if the CPO were to be legally challenged by the owners. Legal costs in dealing with that might become very substantial so  they may require those to be included in any guarantee?

CPO’s are in a large majority of cases successful given that the purchasing authority have done their homework beforehand. In the case of RBC this will be the case.
Many CPO’s once instigated never reach court as negotiation usually paves the way for an agreement to be reached. 
Arriving at a fair & final purchase price of the land can be complex but is set by independent valuers following a well defined formula ensuring the current owner receives a fair price but is also reasonable to the purchaser. 
Generally accepted practice is that any future costs for clearing or developing the land are not a consideration in setting the valuation and each party is responsible for their own legal costs which is a prominent reason why such cases are settled out of court following negotiations. 

Edited by 1 valve
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