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Redevelopment Closer Than Ever?

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Author Topic: Redevelopment Closer Than Ever?  (Read 1319799 times)
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Pat McGatt
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« Reply #30800 on: January 12, 2022, 16:59:18 pm »

Is thomas the one with the sticky-out nose? Everytime i see him his nose gets bigga. I rekon hes a puppet.
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« Reply #30801 on: January 12, 2022, 19:56:05 pm »

Any update on an actual date for the standalone East Stand redevelopment Q&A council meeting, which was initially hoped would happen pre Christmas, then moved to early 2022 I believe?

GPC can update us perhaps...

There is no update really.....certainly no date set for any other meeting. The whole East Stand development was moved off all the council agenda in December. The Council are still waiting for a "Red Book" valuation for the land, this was not done when Lambert Smith Hampton made their valuation and issued their report. Without this firmer valuation nothing can progress.

There is no requirement for the council to give seven days notice for any standalone meeting in respect of the proposed deal therefore in theory it could appear at any time as a special meeting. The next full Council Cabinet meeting where a potential deal could be agreed is not until 15th February, so there will be nothing finalised until at least then.

There is a Trust Board meeting tomorrow night, and we usually have Councillor Bignall present at our meetings, if there is any further news or firmer dates I will post out accordingly.
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« Reply #30802 on: January 12, 2022, 20:50:44 pm »

Will be a long time before anything is sorted, to many people are using this as a political football. Its all amount point scoring over rivals to worry about the Football Club.
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« Reply #30803 on: January 12, 2022, 21:10:04 pm »

There is no update really.....certainly no date set for any other meeting. The whole East Stand development was moved off all the council agenda in December. The Council are still waiting for a "Red Book" valuation for the land, this was not done when Lambert Smith Hampton made their valuation and issued their report. Without this firmer valuation nothing can progress.

There is no requirement for the council to give seven days notice for any standalone meeting in respect of the proposed deal therefore in theory it could appear at any time as a special meeting. The next full Council Cabinet meeting where a potential deal could be agreed is not until 15th February, so there will be nothing finalised until at least then.

There is a Trust Board meeting tomorrow night, and we usually have Councillor Bignall present at our meetings, if there is any further news or firmer dates I will post out accordingly.

Much appreciated GPC!
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« Reply #30804 on: January 13, 2022, 07:55:26 am »

Will be a long time before anything is sorted, to many people are using this as a political football. Its all amount point scoring over rivals to worry about the Football Club.
Nailed it....
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« Reply #30805 on: January 13, 2022, 23:02:40 pm »

Much appreciated GPC!

As far as a further update goes......Councillor Bignell indicated that the Council are expecting the revised valuation back by next Tuesday/Wednesday. Once they have that they can call the special meeting to discuss the matter and the whole land deal with a view to it going to Cabinet at the previously mentioned February meeting assuming the revised valuation (if any different) is still acceptable to DB/KT.
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« Reply #30806 on: January 14, 2022, 00:20:10 am »

As far as a further update goes......Councillor Bignell indicated that the Council are expecting the revised valuation back by next Tuesday/Wednesday. Once they have that they can call the special meeting to discuss the matter and the whole land deal with a view to it going to Cabinet at the previously mentioned February meeting assuming the revised valuation (if any different) is still acceptable to DB/KT.

Thanks for the update GPC!

That's very good news about the final valuation being available next week, I honestly thought it would be several months before that came back. Do you know if it's the same company re-doing the valuation again? (correctly this time! lol)

You would have thought the club lawyer's would have made sure the original valuation was watertight before the original press release. A little bit embarrassing...

I wonder how much the valuation has changed (if at all) and if it's increased considerably, what the next move will be for KT/DB.

Also, I wonder if the special meeting can be live streamed for those that can't attend. Could be a real popcorn evening watching it all unfold...
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« Reply #30807 on: January 14, 2022, 06:17:38 am »

As far as a further update goes......Councillor Bignell indicated that the Council are expecting the revised valuation back by next Tuesday/Wednesday. Once they have that they can call the special meeting to discuss the matter and the whole land deal with a view to it going to Cabinet at the previously mentioned February meeting assuming the revised valuation (if any different) is still acceptable to DB/KT.

Let's get it done, get the East Stand 'completed' and take this off of the agenda
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« Reply #30808 on: January 14, 2022, 08:15:38 am »

Let's get it done, get the East Stand 'completed' and take this off of the agenda

Indeed - then we can start the North & South Stand Redevelopment thread ………
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« Reply #30809 on: January 14, 2022, 08:32:18 am »

You would have thought the club lawyer's would have made sure the original valuation was watertight before the original press release. A little bit embarrassing...
Same goes for the council who also released a statement.

GPC do you know if this is primarily an ass covering exercise to make sure every box is ticked, i dotted, t crossed etc or is there an expectation that the valuation may come back more than say 5-10% different to the original.

How good / funny would it be if the new assessment is significantly less than the original  Grin
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« Reply #30810 on: January 14, 2022, 12:44:43 pm »

Same goes for the council who also released a statement.

GPC do you know if this is primarily an ass covering exercise to make sure every box is ticked, i dotted, t crossed etc or is there an expectation that the valuation may come back more than say 5-10% different to the original.

How good / funny would it be if the new assessment is significantly less than the original  Grin
I will streak at the next home game if it’s lower, FACT.
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« Reply #30811 on: January 14, 2022, 13:23:05 pm »

I will streak at the next home game if it’s lower, FACT.

Please don't, noone likes to see that.
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« Reply #30812 on: January 14, 2022, 18:21:39 pm »

Same goes for the council who also released a statement.

GPC do you know if this is primarily an ass covering exercise to make sure every box is ticked, i dotted, t crossed etc or is there an expectation that the valuation may come back more than say 5-10% different to the original.

How good / funny would it be if the new assessment is significantly less than the original  Grin

Yes, ass covering is about right. Obviuosly a delicate situation with whats gone before, they don't want to get stung again. You'd have thought that someone would have realised that the valuation process needed to be robust and able to stand up to any legal challenge....hence the so called Red Book valuation which really should have been done in the first place.

I mean....the second paragraph on the second page of the 90 page report from Lambert Smith Hampton says it all really...... "Please note that advice does not accord with the minimum reporting requirements of the Royal
Institution of Chartered Surveyors Valuation Standards – Red Book Global and consequently this does not constitute a formal Red Book valuation in accordance with these Standards."

It was a bit of a giveaway don't you think??
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« Reply #30813 on: January 14, 2022, 21:27:04 pm »

Yes, ass covering is about right. Obviuosly a delicate situation with whats gone before, they don't want to get stung again. You'd have thought that someone would have realised that the valuation process needed to be robust and able to stand up to any legal challenge....hence the so called Red Book valuation which really should have been done in the first place.

I mean....the second paragraph on the second page of the 90 page report from Lambert Smith Hampton says it all really...... "Please note that advice does not accord with the minimum reporting requirements of the Royal
Institution of Chartered Surveyors Valuation Standards – Red Book Global and consequently this does not constitute a formal Red Book valuation in accordance with these Standards."

It was a bit of a giveaway don't you think??

It beggars belief.
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« Reply #30814 on: January 14, 2022, 21:59:40 pm »

Yes, ass covering is about right. Obviuosly a delicate situation with whats gone before, they don't want to get stung again. You'd have thought that someone would have realised that the valuation process needed to be robust and able to stand up to any legal challenge....hence the so called Red Book valuation which really should have been done in the first place.

I mean....the second paragraph on the second page of the 90 page report from Lambert Smith Hampton says it all really...... "Please note that advice does not accord with the minimum reporting requirements of the Royal
Institution of Chartered Surveyors Valuation Standards – Red Book Global and consequently this does not constitute a formal Red Book valuation in accordance with these Standards."

It was a bit of a giveaway don't you think??


So no point to continue reading after second para page 2 - just like an old IPS test paper!
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« Reply #30815 on: January 14, 2022, 23:08:54 pm »

So no point to continue reading after second para page 2 - just like an old IPS test paper!

Who knew twisted nematic would get the nod? We really have been going too long on this thread.
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« Reply #30816 on: January 15, 2022, 10:41:26 am »

Who knew twisted nematic would get the nod? We really have been going too long on this thread.
Angry

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 - of, relating to, or being the phase of a liquid crystal characterized by arrangement of the long axes of the molecules in parallel lines but not layers — compare cholesteric, smectic.
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« Reply #30817 on: January 15, 2022, 12:08:42 pm »

Latest details confirmed in today's Trust Newsletter...(confirmation of the GPC update earlier this week)

NEWS FROM THE SUPPORTERS TRUST…

Sixfields stand and land deal

We understand that an updated red book valuation of the land associated with the proposed East Stand and land deal for Sixfields, agreed in principle with Northampton Town FC, should be presented to West Northamptonshire Council’s cabinet at a meeting next week.

The standalone council meeting to discuss the issue is likely to follow shortly afterwards. It is anticipated that a decision will then be reached to go before February’s cabinet meeting on 15 February, then ratified by a meeting of the full council on 24 February.
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« Reply #30818 on: January 15, 2022, 14:10:12 pm »

Latest details confirmed in today's Trust Newsletter...(confirmation of the GPC update earlier this week)

NEWS FROM THE SUPPORTERS TRUST…

Sixfields stand and land deal

We understand that an updated red book valuation of the land associated with the proposed East Stand and land deal for Sixfields, agreed in principle with Northampton Town FC, should be presented to West Northamptonshire Council’s cabinet at a meeting next week.

The standalone council meeting to discuss the issue is likely to follow shortly afterwards. It is anticipated that a decision will then be reached to go before February’s cabinet meeting on 15 February, then ratified by a meeting of the full council on 24 February.
Fingers crossed for sign off, agreement, builders, sparkies and carpet fitters asap.
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« Reply #30819 on: January 15, 2022, 18:14:38 pm »

Latest details confirmed in today's Trust Newsletter...(confirmation of the GPC update earlier this week)

NEWS FROM THE SUPPORTERS TRUST…

Sixfields stand and land deal

We understand that an updated red book valuation of the land associated with the proposed East Stand and land deal for Sixfields, agreed in principle with Northampton Town FC, should be presented to West Northamptonshire Council’s cabinet at a meeting next week.

The standalone council meeting to discuss the issue is likely to follow shortly afterwards. It is anticipated that a decision will then be reached to go before February’s cabinet meeting on 15 February, then ratified by a meeting of the full council on 24 February.

Hopefully this will be ratified on the 24th February and the club will have no further barriers, issues or excuses to not begin/re-energise the East Stand redevelopment process.
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