RECOMMENDED to Council

1.      that the Restrictive Use Covenant in favour of Central Bedfordshire Council on land known as Roker Park, Stotfold be released to enable Stotfold Town Council to dispose of the land for residential development on condition that:

(a)     the net proceeds of sale (enhanced value) to be shared equally between Central Bedfordshire Council and Stotfold Town Council;

(b)    Stotfold Town Council will repay the outstanding loan of £537,000 owed to Central Bedfordshire Council out of its share of the proceeds of sale; and

(c)     Stotfold Town Council will give an undertaking to use the balance of its share of the proceeds of sale to construct a new football ground/stadium off Arlesey Road, Stotfold.

2.      that Central Bedfordshire Council agrees to make a contribution from its share of the proceeds of sale (up to a maximum of £500,000) to assist the Town Council to complete the construction of the new football ground/stadium on land off Arlesey Road, Stotfold; and

3.      that subject to recommendations 1 and 2 above, Central Bedfordshire Council agrees to grant Stotfold Town Council a 99 year lease at a peppercorn rent of 24 acres of land off Arlesey Road, Stotfold to relocate the new football ground/stadium.