Issue - meetings

RECOMMENED that Council: -

(a)              Notes the confidential minutes and the recommendations of the Cross-Party Asset Disposal Working Group meeting held on the 13 July 2025;

(b)              Approves the negotiation and agreement in principle of Heads of Terms for the leasehold disposal of the two parcels of land at Kings Park to AFC Bournemouth shown in Option C; and

(c)              Requires officers to return to Cabinet and Council with the proposed Heads of Terms for decision as soon as possible.

[PLEASE NOTE: Should the Council wish to discuss the detail of the confidential appendix at Appendix A the meeting will be required to move into Confidential (Exempt) Session].

AFC Bournemouth have approached BCP Council in relation to their plans to expand the Vitality Stadium.  Whilst this requires planning permission, this report focuses on the opportunity for existing leases, management agreements/licences AFC Bournemouth has with the Council at Kings Park, to be regeared.  This report recommends a preferred option to Cabinet, presents the alternatives, and requests authority to negotiate Heads of Terms for each section of land, which will be brought back to Cabinet and Council for decision.

RECOMMENED that Council: -

a.              Notes the confidential minutes and the recommendations of the Cross-Party Asset Disposal Working Group meeting held on the 13 July 2025.

b.              Approves the negotiation and agreement in principle of Heads of Terms for the leasehold disposal of the two parcels of land at Kings Park to AFC Bournemouth shown in Option C.

c.              Requires officers to return to Cabinet and Council with the proposed Heads of Terms for decision as soon as possible.

Voting: Unanimous

Portfolio Holder: Finance

Reason

Obtaining approval to negotiate and agree in principle Heads of Terms for the leasehold disposal of land at Kings Park to AFC Bournemouth will ensure the Council receives best consideration and market value, which can then be considered by Cabinet and Council in line with BCP Council’s constitution.

The Portfolio Holder for Finance presented a report, a copy of which had been circulated to each Member and a copy of which appears as Appendix 'F' to these Minutes in the Minute Book.

Cabinet was advised that AFC Bournemouth have approached BCP Council in relation to their plans to expand the Vitality Stadium, and that whilst this requires planning permission, this report focuses on the opportunity for existing leases, management agreements/licences AFC Bournemouth has with the Council at Kings Park, to be regeared. 

Cabinet was informed that this report recommended a preferred option to Cabinet, presents the alternatives, and requests authority to negotiate Heads of Terms for each section of land, which will be brought back to Cabinet and Council for decision.

RECOMMENED that Council: -

a.              Notes the confidential minutes and the recommendations of the Cross-Party Asset Disposal Working Group meeting held on the 13 July 2025.

b.              Approves the negotiation and agreement in principle of Heads of Terms for the leasehold disposal of the two parcels of land at Kings Park to AFC Bournemouth shown in Option C.

c.              Requires officers to return to Cabinet and Council with the proposed Heads of Terms for decision as soon as possible.

Voting: Unanimous

Portfolio Holder: Finance

Reason

Obtaining approval to negotiate and agree in principle Heads of Terms for the leasehold disposal of land at Kings Park to AFC Bournemouth will ensure the Council receives best consideration and market value, which can then be considered by Cabinet and Council in line with BCP Council’s constitution.