That:

(a)        the disposal by way of a 125 year lease of development land extending to approximately 1.155 acres (final area to be confirmed on detail site survey)  adjacent to Hereford railway station (as shown at appendix 1) to Prime (UK) Developments Ltd or a company within the Prime plc group of companies be approved conditional on:

·       the development of the site as a new GP healthcare hub for Hereford

·       the lessee securing relevant planning permission 

·       the purchaser agreeing lease terms with the GP’s

·       the development being completed within 3 years of the lease being completed

·       adjustment of the purchase price to reflect any agreed abnormal development costs as identified following receipt of site investigation and further due diligence by the purchaser.

the chief finance officer be authorised to agree the final sale price in the event of any identified abnormal development costs and complete the development agreement and subsequent lease on terms set out in this report to Prime (UK) Developments Ltd or a company within the Prime plc group.