A SUM of more than a quarter-million pounds will be paid for land for new housing.
Milton Keynes Parks Trust (MKPT) will surrender a partial lease of land next to the former Cripps Lodge site in Netherfield, so MK Council can build 66 council homes.
For this, the trust will receive £255,000. The value of the land is thought to be £246,389.
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A scheme for the new homes was granted planning permission in February 2021.
Milton Keynes Council (MKC) owns the freehold of the former homecare service site but to undertake development, some land held by MKPT is also required.
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“Negotiations have taken place with MKPT who have agreed to surrender their leasehold interest in the part of the site required for development,” a report.
A deposit of £24,500 will be paid to MKPT for an agreement for surrender. The remainder will be paid on completion of the deed of surrender.
Construction works start next year.
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